Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. Its bromine and fluorine atoms make it a versatile building block for creating complex molecules, particularly in cross-coupling reactions like Suzuki or Buchwald-Hartwig reactions. It is also employed in materials science for developing specialty polymers and liquid crystals. Additionally, it serves as a precursor in the synthesis of fluorinated aromatic compounds, which are essential in the development of advanced materials and bioactive molecules.