This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It is often employed in pharmaceutical research for the development of potential drug candidates, particularly in the modification of chemical structures to enhance biological activity or pharmacokinetic properties. Additionally, it serves as an intermediate in the production of agrochemicals, aiding in the creation of compounds with specific pesticidal or herbicidal effects. Its bromine substituent makes it a valuable reagent in cross-coupling reactions, such as Suzuki or Heck reactions, which are widely used in the synthesis of fine chemicals and advanced materials.