Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for selective functionalization, making it valuable in creating complex molecules for drug discovery. Commonly employed in cross-coupling reactions such as Suzuki and Negishi couplings to build biaryl systems found in various therapeutic agents. Also utilized in the preparation of agrochemicals and organic materials where brominated heterocycles enhance reactivity or binding properties.