Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Additionally, it finds application in the preparation of dyes and pigments due to its ability to form stable aromatic systems. Its bromine atom makes it a suitable candidate for cross-coupling reactions, which are widely used in material science and catalysis.