This chemical is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key building block in organic synthesis, enabling the introduction of both fluorine and bromine functional groups into complex molecules. These functional groups are crucial for modifying the biological activity, stability, and pharmacokinetic properties of drug candidates. Additionally, it is employed in the production of liquid crystal materials, where its structural properties contribute to the desired molecular alignment and optical characteristics. Its versatility in cross-coupling reactions also makes it valuable in material science and fine chemical manufacturing.