Used as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and organic semiconductors. It serves as a building block in cross-coupling reactions, such as Suzuki and Heck reactions, to introduce fluorinated aromatic groups into more complex molecules. Commonly employed in the development of liquid crystals and functional materials due to the combined electronic effects of bromine and fluorine substituents. Also utilized in the preparation of radiolabeled compounds for positron emission tomography (PET) imaging when labeled with fluorine-18.