Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. It is particularly valuable in constructing complex molecules due to its reactive aldehyde and bromo groups, which facilitate various coupling and substitution reactions. In medicinal chemistry, it is employed to develop compounds with potential therapeutic properties, such as enzyme inhibitors or receptor modulators. Additionally, it finds applications in the synthesis of heterocyclic compounds, which are crucial in drug discovery and material science. Its versatility makes it a valuable building block in research and industrial processes.