This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in the development of pharmaceuticals and agrochemicals due to its reactive functional groups, which allow for further chemical modifications. The bromo and nitro groups present in the structure make it a valuable precursor in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, which are essential in creating biologically active compounds. Additionally, it serves as a building block in the synthesis of dyes, pigments, and other fine chemicals. Its versatility in chemical transformations makes it a useful reagent in research and industrial applications.