Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows it to participate in cross-coupling reactions, making it valuable for creating complex molecules. Additionally, it is utilized in the development of dyes and pigments due to its ability to introduce bromine into aromatic systems. In research, it is employed to study reaction mechanisms and to synthesize novel compounds with potential biological activity. Its stability and reactivity make it a versatile building block in chemical manufacturing processes.