Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the preparation of bioactive molecules, particularly in the development of drugs targeting central nervous system disorders. Commonly employed in cross-coupling reactions, such as Suzuki and Heck reactions, to form carbon-carbon bonds. Also utilized in the synthesis of benzoxazoles and other heterocyclic compounds with potential medicinal properties. Its bromine functionality allows for selective functionalization, making it valuable in structure-activity relationship studies during drug discovery.