It is primarily used in the pharmaceutical and chemical research industries as a key intermediate in the synthesis of more complex molecules. Its structure, containing both bromine and fluorine atoms, makes it valuable for developing compounds with potential biological activity. Researchers often utilize it to create analogs of drugs or to study structure-activity relationships in medicinal chemistry. Additionally, it can be employed in the development of materials with specific electronic or optical properties due to its halogenated aromatic system. Its role in organic synthesis is significant, particularly in reactions involving halogen exchange or cross-coupling processes.