Used in organic synthesis as a versatile intermediate for the preparation of various pharmaceuticals and agrochemicals. It serves as a key building block in the development of complex molecules due to its reactive functional groups, including the bromo, formyl, and nitrile moieties. The compound is particularly valuable in the synthesis of heterocyclic compounds, which are often found in active pharmaceutical ingredients. Additionally, it is employed in the production of dyes and pigments, where its structure contributes to the desired color and stability properties. Its applications extend to material science, where it is used in the design of advanced polymers and coatings.