Primarily used in organic synthesis, this compound serves as a versatile building block for the development of various heterocyclic compounds. It is particularly valuable in the creation of pharmaceuticals, where it acts as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). Additionally, it finds application in material science, contributing to the development of advanced materials with specific electronic or photonic properties. The bromine substituent at the 8-position provides a reactive handle for further functionalization, such as palladium-catalyzed cross-coupling reactions, enabling its incorporation into complex molecules and the creation of novel compounds with potential biological or industrial significance.