This chemical is primarily used in organic synthesis as a building block for more complex molecules. It serves as an intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. The presence of bromo and chloro substituents makes it a versatile reagent for further functionalization through cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions. It is also employed in the development of materials with specific electronic or optical properties, particularly in the field of organic electronics. Additionally, it can be utilized in research settings to study reaction mechanisms or to synthesize novel compounds with potential biological activity.