This chemical is primarily utilized in organic synthesis, particularly in the development of complex molecules for pharmaceutical research. It serves as a key intermediate in the creation of various biologically active compounds, including potential drug candidates. The presence of both bromine and iodine atoms on the aromatic ring makes it a versatile building block for further functionalization through cross-coupling reactions, such as Suzuki or Sonogashira reactions. Additionally, its amine group allows for further derivatization, enabling the synthesis of amides, imines, or other nitrogen-containing structures. This compound is particularly valuable in medicinal chemistry for designing molecules with specific target interactions, such as enzyme inhibitors or receptor modulators. Its unique structure also makes it useful in material science for developing organic electronic materials or ligands in coordination chemistry.