This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. It is particularly valuable in the synthesis of compounds with potential biological activity, such as anti-inflammatory and anticancer agents. Its structure, featuring a bromophenyl group, allows for further functionalization through cross-coupling reactions, making it a versatile building block in medicinal chemistry. Additionally, it is used in research and development for creating novel materials and studying reaction mechanisms in organic chemistry.