Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its structure, featuring both bromine and iodine atoms, makes it highly reactive in cross-coupling reactions, such as Suzuki and Sonogashira couplings, enabling the construction of complex aromatic systems. Additionally, it is employed in the development of liquid crystals and organic electronic materials due to its ability to modify electronic properties. Its nitrile group further allows for transformations into various functional groups, expanding its utility in fine chemical manufacturing.