Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its structure allows for selective functionalization, making it valuable in creating active ingredients in crop protection agents and certain medicinal compounds. Commonly employed in cross-coupling reactions due to the presence of bromine, while the fluorine atom enhances metabolic stability in target molecules. Also utilized in the preparation of specialty polymers and liquid crystals where halogen substitution influences material properties.