This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the synthesis of active pharmaceutical ingredients (APIs) due to its reactive bromine and ketone functional groups, which allow for further chemical modifications. Additionally, it serves as a building block in the creation of various heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with potential therapeutic effects. Its structure also makes it suitable for research in material science, particularly in the development of organic electronic materials.