Used as a key intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. It serves as a building block for constructing complex molecules due to its reactive bromine and tert-butoxy groups. The compound is often employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig couplings, to create biologically active compounds. Its tert-butoxy group can act as a protecting group or influence the reactivity and selectivity of the molecule. Additionally, it is utilized in the development of ligands for catalysis and in the synthesis of heterocyclic compounds with potential therapeutic applications.