This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique bromo and fluoro substituents make it particularly valuable in cross-coupling reactions, such as Suzuki and Buchwald-Hartwig reactions, which are essential in pharmaceutical and agrochemical research. Additionally, the nitrile group in the molecule can be further transformed into other functional groups, enabling the synthesis of a wide range of derivatives. Its application is also seen in material science, where it contributes to the creation of advanced polymers and liquid crystals. Overall, its structural features make it a key building block in the design of molecules with potential biological and industrial significance.