Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex organic molecules. Its structure makes it valuable in the development of liquid crystals, which are essential for display technologies like LCDs. Additionally, it is employed in the synthesis of pharmaceuticals, where its bromine atom facilitates further functionalization. The compound also finds application in materials science, particularly in the creation of advanced polymers and coatings with specific electronic or optical properties. Its versatility in cross-coupling reactions makes it a useful building block in various research and industrial processes.