Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of antimicrobial and anticancer agents, where the bromo and fluoro substituents enhance the compound's reactivity and binding affinity to target proteins. Additionally, it plays a role in the development of fluorescent probes for biochemical studies, aiding in the visualization of cellular processes. Its versatility also extends to material science, where it is utilized in the design of organic electronic materials.