This compound is primarily utilized in organic synthesis as a key intermediate in the development of more complex molecules. Its structure, featuring both bromine and fluorine substituents, makes it highly reactive and suitable for various coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in pharmaceutical research. It is often employed in the synthesis of bioactive compounds, particularly those targeting specific enzymes or receptors in drug discovery. Additionally, its unique heterocyclic framework is valuable in material science for creating novel organic materials with potential applications in electronics or optoelectronics.