This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure serves as a key intermediate in the creation of biologically active molecules, often targeting specific enzymes or receptors involved in diseases such as cancer, inflammation, or neurological disorders. Additionally, it is employed in medicinal chemistry to explore structure-activity relationships, aiding in the optimization of drug efficacy and selectivity. Its bromine atom also makes it a valuable building block for further functionalization through cross-coupling reactions, enhancing its versatility in organic synthesis.