Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a bromine atom and a formyl group, makes it versatile for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential for creating complex organic molecules. Additionally, it is utilized in the development of dyes and pigments due to its ability to form stable aromatic systems. The compound’s reactivity also makes it valuable in research for designing novel compounds with potential biological activity.