This chemical is primarily used in organic synthesis as a building block for more complex molecules. It is often employed in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic properties. The presence of both bromine and fluorine atoms makes it a versatile intermediate for cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, which are crucial in drug discovery. Additionally, it can be utilized in material science for the creation of specialized polymers or coatings that require specific halogenated aromatic structures. Its role in research and development is significant, particularly in the exploration of new chemical entities for medicinal or industrial applications.