Primarily used 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. Additionally, it is employed in the research and development of new chemical entities, particularly in the field of medicinal chemistry, where it aids in the creation of potential drug candidates. Its presence in certain formulations also contributes to the study of brominated aromatic compounds, which are significant in material science and industrial applications.