This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of biologically active molecules, often targeting central nervous system disorders. Researchers leverage its bromo and fluoro substituents to enhance binding affinity and selectivity in drug-receptor interactions. It is also employed in the study of enzyme inhibition and as a building block for complex heterocyclic compounds in medicinal chemistry. Additionally, it finds application in the development of fluorescent probes and imaging agents due to its unique electronic properties.