Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its bromine atoms make it a valuable building block for cross-coupling reactions, such as Suzuki and Heck reactions, which are essential in creating complex organic molecules. Additionally, it is utilized in the synthesis of liquid crystals and dyes due to its ability to introduce specific functional groups into target compounds. Its role in research and development is significant for creating new materials and active compounds in various industries.