Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in constructing complex heterocyclic systems. Its functional groups—aldehyde, bromo, and chloro—allow selective reactions, making it valuable in cross-coupling reactions such as Suzuki or Heck reactions, where the bromine site is often targeted. It is also employed in the preparation of nicotinamide derivatives, which are important in drug development for their biological activity. Additionally, it serves as a building block in the creation of ligands for catalysts and in the development of functional materials.