Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for the development of complex molecules due to its reactive bromine and iodine atoms, which facilitate cross-coupling reactions like Suzuki or Sonogashira couplings. Its nitrile group also allows for further functionalization, making it valuable in the creation of compounds with potential biological activity. Additionally, it is employed in material science for the synthesis of organic electronic materials and dyes.