Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a significant role in the production of agrochemicals, including pesticides and herbicides, due to its reactivity and structural properties. Additionally, it is employed in organic synthesis for constructing complex molecules, especially in the field of medicinal chemistry. Its bromine atom makes it a useful building block for cross-coupling reactions, such as Suzuki and Heck reactions, which are essential in creating diverse chemical compounds.