This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its applications are particularly significant in the pharmaceutical industry, where it serves as a building block for the synthesis of various biologically active molecules. The presence of the bromine atom makes it a versatile reagent for further functionalization through cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in drug discovery and development processes. Additionally, it is employed in material science for the creation of organic semiconductors and other advanced materials due to its aromatic and heterocyclic properties. Its role in these fields underscores its importance in both medicinal chemistry and high-tech material applications.