This compound is primarily utilized in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for treating neurological disorders. Its structure serves as a key intermediate in the production of compounds that target neurotransmitter systems, such as dopamine and serotonin receptors. Additionally, it is employed in organic chemistry research for the creation of complex molecules through coupling reactions, where its bromine atom facilitates cross-coupling processes. In industrial settings, it may also be used in the preparation of specialty chemicals, including dyes and agrochemicals, due to its reactive functional groups.