Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it aids in the development of new drug candidates by providing a brominated aromatic core for further functionalization. Additionally, it finds application in material science, contributing to the synthesis of advanced polymers and liquid crystals. Its role in cross-coupling reactions, such as Suzuki or Heck reactions, is notable for creating carbon-carbon bonds in fine chemical manufacturing.