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 in cross-coupling reactions, making it valuable in the construction of complex aromatic systems. Commonly employed in the preparation of bioactive molecules where the presence of both bromo and fluoro substituents enables further derivatization through metal-catalyzed reactions such as Suzuki or Heck couplings. Also utilized in the research and development of new materials requiring specific electronic or steric properties.