This chemical is primarily utilized in organic synthesis, particularly in the development of complex organic compounds. It serves as a key intermediate in the preparation of pharmaceuticals, where it is often involved in the construction of naphthalene-based structures. These structures are significant in the creation of drugs targeting various therapeutic areas, including anti-inflammatory and anticancer agents. Additionally, it is employed in materials science for the synthesis of organic electronic materials, where its unique structure contributes to the development of advanced polymers and small molecules with specific optoelectronic properties. Its bromine atom makes it a versatile reagent for further functionalization through cross-coupling reactions, enabling the creation of diverse chemical entities.