Used primarily as an aryl bromide reagent in organic synthesis, this compound is particularly useful in substitution reactions for the preparation of functionalized aromatic compounds. It enables selective replacement of the bromine atom through nucleophilic substitution or copper-catalyzed processes, making it valuable in pharmaceutical research for building complex molecular frameworks and in the development of advanced materials such as organic semiconductors. Additionally, it acts as an intermediate in the synthesis of ligands for catalytic systems.