Used primarily in organic synthesis and research, this compound serves as a key intermediate in the development of pharmaceuticals and agrochemicals. Its structure is valuable in the study of fluorescent materials, particularly in the design of organic light-emitting diodes (OLEDs) and sensors. Additionally, it plays a role in the synthesis of complex heterocyclic compounds, which are important in medicinal chemistry for drug discovery and development. Its bromine atom makes it a versatile building block for further functionalization in various chemical reactions.