Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in cross-coupling reactions such as Suzuki and Heck reactions due to the presence of both bromo and iodo functional groups. The carboxylic acid group allows for further derivatization, making it useful in the preparation of esters, amides, and other functionalized aromatic compounds. Commonly employed in the development of active pharmaceutical ingredients (APIs) where halogenated aromatics are required for structural complexity or biological activity. Also finds use in materials science for constructing conjugated organic systems.