Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the development of pharmaceuticals and agrochemicals. Its structure is particularly valuable in the creation of triazole-based compounds, which are known for their biological activity. It is also employed in the production of advanced materials, including polymers and coatings, where its bromine atoms contribute to flame retardant properties. Additionally, it serves as a building block in the synthesis of complex molecules for research and industrial applications.