This compound is primarily utilized in organic synthesis as a building block for more complex chemical structures. It is often employed in the preparation of pharmaceutical intermediates due to its bromo and nitrile functional groups, which allow for further chemical modifications. The compound can participate in various reactions, such as cross-coupling reactions, to create novel compounds with potential biological activity. Additionally, it is used in research and development for the synthesis of naphthalene derivatives, which are explored for their optical and electronic properties in material science. Its applications also extend to the field of agrochemicals, where it may be used to develop new active ingredients for crop protection.