This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of various biologically active molecules. Its structure is valuable in the creation of compounds with potential therapeutic applications, such as anticancer, antimicrobial, and anti-inflammatory agents. Additionally, it serves as a building block in organic synthesis for constructing more complex heterocyclic compounds, which are often explored for their medicinal properties. Its bromine atom also makes it a useful reagent in cross-coupling reactions, enabling the formation of carbon-carbon bonds in advanced chemical processes.