Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated organic compounds with enhanced metabolic stability and bioavailability. Its functional groups allow for selective modifications in drug design, especially in creating kinase inhibitors and CNS-active agents. Also employed in agrochemical research for building complex aromatic structures with targeted biological activity. The bromo and fluoro substituents enable cross-coupling reactions, making it valuable in medicinal chemistry for structure-activity relationship studies.