Used primarily as an intermediate in organic synthesis, especially in the preparation of functionalized dibenzofurans for pharmaceuticals and agrochemicals. It serves as a building block in cross-coupling reactions, such as Suzuki and Ullmann reactions, enabling the formation of carbon-carbon and carbon-heteroatom bonds. Its bromine substituent allows for selective metalation and further derivatization, making it valuable in the development of advanced organic materials, including organic semiconductors and ligands for catalysts. Also employed in research settings to study reaction mechanisms involving aryl halides.