Used primarily as an intermediate in organic synthesis, it plays a key role in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. In research, it is utilized in the study of cross-coupling reactions, aiding in the creation of diverse organic compounds. Additionally, it finds application in the synthesis of liquid crystals and materials with potential use in electronic displays. Its bromine atom makes it a useful reagent in halogenation processes, contributing to the development of specialty chemicals.