This compound is primarily used in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its functional groups, including the bromine atom, formyl group, and nitrile group, make it a versatile building block in the development of complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki or Heck reactions, which are essential for creating carbon-carbon bonds in drug discovery and development. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are often key components in medicinal chemistry. Its applications extend to materials science, where it can be used to design and synthesize advanced organic materials with specific properties.