This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of various complex molecules. Its structure, featuring both bromo and iodo functional groups, makes it particularly useful in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in the development of pharmaceuticals and advanced materials. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are often found in active pharmaceutical ingredients (APIs) and agrochemicals. Its reactivity also allows for its use in the creation of liquid crystals and other functional materials.