Used primarily as an intermediate in organic synthesis, this compound plays a key role in the preparation of fluorescent dyes and optoelectronic materials. Its aldehyde and bromo functional groups allow for diverse chemical modifications, making it valuable in the development of sensors and bioactive molecules. It is also employed in the synthesis of naphthalene-based pharmaceuticals and agrochemicals due to its aromatic stability and reactivity. Additionally, it serves as a building block in cross-coupling reactions for creating complex organic frameworks used in material science and medicinal chemistry.