This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its functional groups, including the bromo, formyl, and nitrile moieties, make it a versatile building block for constructing complex molecules. It is often employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to introduce aromatic or alkyne functionalities into target compounds. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are essential in drug discovery and development. Its applications also extend to materials science, where it is used in the preparation of organic electronic materials and polymers.