This chemical is primarily utilized in organic synthesis as a versatile intermediate for the preparation of various complex molecules. It is particularly valuable in the development of pharmaceuticals and agrochemicals due to its reactive bromine and nitrile functional groups, which allow for further chemical modifications. The compound is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to create biologically active compounds. Additionally, it serves as a key building block in the synthesis of organic materials and fine chemicals, contributing to advancements in material science and industrial applications.