This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of dyes and pigments. Its structure makes it a valuable intermediate in producing materials with specific optical properties, often used in the manufacturing of fluorescent dyes for biological staining and imaging applications. Additionally, it serves as a building block in the creation of advanced materials for organic electronics, such as light-emitting diodes (LEDs) and photovoltaic cells, due to its ability to influence electronic and photophysical characteristics. Its bromine atoms also make it a useful precursor in various cross-coupling reactions, facilitating the construction of complex organic molecules in pharmaceutical and agrochemical research.