This compound is primarily utilized in organic synthesis as a versatile intermediate for constructing complex aromatic structures. Its functional groups, including bromo, chloromethyl, and iodo substituents, make it highly reactive in cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the formation of carbon-carbon bonds. It is also employed in the preparation of pharmaceuticals and agrochemicals, where its halogenated aromatic core serves as a key building block. Additionally, its reactivity allows for further functionalization, making it valuable in material science for developing advanced polymers or organic electronic materials.