This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its structure, featuring bromine atoms, makes it a valuable intermediate in various coupling reactions, such as Suzuki or Heck reactions, which are essential in constructing carbon-carbon bonds. Additionally, its bicyclic framework is useful in the development of pharmaceuticals and agrochemicals, where specific ring systems are required to achieve desired biological activity. Researchers also explore its potential in material science, particularly in the synthesis of organic semiconductors or polymers with unique electronic properties.