This chemical is primarily utilized in organic synthesis, particularly in the construction of complex organic molecules. It serves as a versatile intermediate in the preparation of polycyclic aromatic compounds, which are essential in materials science and electronics. Its structure, featuring both bromine and iodine substituents, makes it highly reactive in cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the formation of carbon-carbon bonds. This reactivity is valuable in the development of organic semiconductors, liquid crystals, and fluorescent dyes. Additionally, it is used in research settings to study the effects of halogenation on the photophysical properties of naphthalene derivatives, contributing to advancements in optoelectronic devices.