Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to act as a building block for more complex molecules, particularly in the development of active ingredients for drugs targeting specific biological pathways. Additionally, it finds application in the creation of specialized materials, such as flame retardants, due to its bromine content, which enhances fire resistance properties. Its reactivity also makes it useful in cross-coupling reactions, enabling the formation of carbon-carbon bonds in advanced chemical processes.