Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It serves as a building block for constructing more complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Its reactive bromine and fluorine groups make it useful in cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in drug discovery and material science. Additionally, it is employed in the synthesis of specialty chemicals and fine chemicals, where its unique structure contributes to the creation of compounds with specific biological or chemical properties.