Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring both bromine and iodine substituents, makes it highly reactive in cross-coupling reactions, such as Suzuki and Buchwald-Hartwig reactions, enabling the construction of complex aromatic compounds. It is also employed in the development of dyes and pigments due to its ability to form stable, colored derivatives. Additionally, it finds application in research for synthesizing novel organic materials with potential electronic or optoelectronic properties.