This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition and receptor modulation. Its structure, featuring both bromo and iodo substituents, makes it a versatile building block for developing potential drug candidates, especially in the design of kinase inhibitors and anticancer agents. Additionally, it is employed in the development of radiopharmaceuticals for diagnostic imaging due to the presence of iodine, which can be used in radiolabeling studies. Researchers also explore its use in organic synthesis to create complex heterocyclic compounds with potential therapeutic applications.