This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex chemical structures. It is often employed in the pharmaceutical industry to create intermediates for drug discovery, particularly in the design of molecules with potential therapeutic properties. Additionally, it finds use in materials science, where it contributes to the synthesis of advanced materials, such as organic semiconductors or light-emitting compounds, due to its unique structural features. Its bromine atom makes it a valuable reagent in cross-coupling reactions, enabling the formation of carbon-carbon or carbon-heteroatom bonds in various synthetic pathways.