This compound is primarily utilized as a versatile intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. Its structure, featuring both bromine and iodine atoms, makes it a valuable building block for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential for creating complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce functional groups into pyridine-based scaffolds. Additionally, its presence in research and development is significant for synthesizing novel compounds with potential biological activity, including antimicrobial or anticancer agents. Its halogenated nature also allows for further derivatization, making it a key component in medicinal chemistry and drug discovery processes.