Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of more complex chemical structures. It is particularly valuable in the development of pharmaceuticals and agrochemicals, where its bromine atoms can be substituted or modified to create active ingredients. Additionally, it serves as a building block in the manufacture of specialty chemicals, including dyes and polymers, due to its stable aromatic structure. Its utility in research and industrial applications underscores its importance in advancing chemical innovation.