Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce bromine atoms into complex molecules, enhancing their biological activity. Additionally, it is employed in the synthesis of liquid crystals, which are essential components in display technologies like LCDs. Its reactivity also makes it useful in cross-coupling reactions, facilitating the creation of carbon-carbon bonds in advanced material science applications.