Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules due to the presence of reactive bromo and nitro functional groups. Its structure allows for further substitution reactions, making it valuable in constructing complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds in drug discovery research. Also utilized in the preparation of functionalized thiophene derivatives, which are important in materials science, including organic semiconductors and conductive polymers.