This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its application is significant in the pharmaceutical industry, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs). The presence of the bromine atom makes it a versatile reagent for further functionalization through various coupling reactions, such as Suzuki or Heck reactions. Additionally, it is used in the development of agrochemicals, contributing to the creation of pesticides and herbicides. In material science, it aids in the synthesis of specialty polymers and coatings, enhancing their properties for specific industrial applications.