Primarily used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure, featuring bromine and fluorine substituents, makes it valuable for introducing specific functional groups into more complex molecules. It is particularly useful in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig couplings, which are essential for creating biologically active compounds. Additionally, it finds application in the development of liquid crystals and advanced materials due to its unique electronic properties. Its role in research and development is significant, especially in designing molecules with tailored properties for specific industrial or medicinal purposes.