This chemical is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of complex organic compounds, particularly in the synthesis of heterocyclic molecules. Its structure makes it valuable in the creation of fluorescent dyes and pigments, which are used in various industrial applications, including materials science and imaging technologies. Additionally, it is employed in the study of photophysical properties and as a building block in the design of novel drug candidates, especially in the field of anticancer and anti-inflammatory agents. Its bromine atom also allows for further functionalization, making it versatile in chemical transformations.