Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its structure allows for selective functionalization in cross-coupling reactions, making it valuable in the preparation of bioactive molecules. Commonly employed in the construction of liquid crystals and specialty polymers due to the combined electronic effects of bromine and fluorine substituents. Also serves as a building block in medicinal chemistry for introducing aromatic fluorine groups, which can enhance metabolic stability and binding affinity in drug candidates.