Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Also employed in materials science for the preparation of organic semiconductors and ligands in catalysis. The bromine functionality enables easy functionalization via palladium-catalyzed reactions such as Suzuki or Heck couplings, enhancing its utility in research and industrial applications.