This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its bromine atom makes it a versatile reagent for further functionalization through various chemical reactions, such as cross-coupling or substitution. Additionally, it is employed in research settings to study reaction mechanisms and to develop novel synthetic pathways for bioactive compounds. Its structure is particularly useful in the synthesis of naphthalene derivatives, which are often explored for their biological activities.