This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. Its bromine atom makes it a suitable candidate for various coupling reactions, such as Suzuki or Heck reactions, which are essential in the development of pharmaceuticals and agrochemicals. Additionally, the methoxy groups present in the molecule can be leveraged for further functionalization, enabling the creation of diverse derivatives with potential biological activity. It is also explored in material science for the synthesis of organic electronic materials due to its aromatic structure and substituents that can influence electronic properties.