This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition and receptor modulation. Its structure is often incorporated into compounds being studied for potential therapeutic applications, such as anti-cancer agents, anti-inflammatory drugs, and treatments for neurological disorders. Additionally, it is employed in organic chemistry as a building block for the preparation of more complex heterocyclic compounds, which are essential in drug discovery and medicinal chemistry. Its bromo and chloro substituents make it a versatile reagent for further functionalization through cross-coupling reactions and other synthetic transformations.