This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It is particularly valuable in the creation of pharmaceuticals and agrochemicals due to its unique structure, which allows for the introduction of functional groups that can enhance biological activity. Additionally, it serves as a key intermediate in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for their diverse pharmacological properties. Its bromine atom makes it a useful reactant in cross-coupling reactions, enabling the formation of carbon-carbon bonds in advanced synthetic pathways.