This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a bromophenyl group, makes it a valuable building block in the development of compounds with potential biological activity. It is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to create complex molecules used in drug discovery and development. Additionally, it serves as a precursor in the synthesis of fine chemicals and specialty materials, contributing to advancements in medicinal chemistry and material science.