This compound is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate for introducing the tetrafluorophenyl group into more complex molecules, which is valuable in the development of pharmaceuticals, agrochemicals, and advanced materials. Its unique structure, featuring both bromine and fluorine substituents, enhances its reactivity and selectivity in forming carbon-carbon bonds. Additionally, it is employed in the preparation of fluorinated organic compounds, which are often utilized in medicinal chemistry due to their improved metabolic stability and bioavailability.