This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique structure, featuring both bromo and fluoro substituents on the phenyl ring, makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of drug candidates targeting specific biological pathways. Additionally, it is employed in material science research for the development of organic electronic materials, where its aromatic and halogenated properties contribute to the tuning of electronic characteristics. Its furan and aldehyde functional groups also make it a versatile building block in the synthesis of heterocyclic compounds, which are often explored for their potential in medicinal chemistry and agrochemical applications.