This compound is primarily utilized in the field of organic synthesis, where it serves as a crucial intermediate in the development of various pharmaceuticals. Its structure, featuring a bromo-naphthalene moiety, makes it particularly valuable in the synthesis of complex molecules, especially those targeting specific biological pathways. Researchers often employ it in the creation of novel drug candidates, particularly in the areas of anti-inflammatory and anticancer agents, due to its ability to interact with specific protein targets. Additionally, it is used in the development of fluorescent probes and dyes, leveraging its naphthalene core for applications in bioimaging and diagnostic studies.