This chemical is primarily utilized in organic synthesis as an intermediate for the production of more complex compounds. It is often employed in the development of pharmaceuticals, where its biphenyl structure serves as a key building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in material science, particularly in the synthesis of liquid crystals and organic electronic materials, due to its stable aromatic structure. Its bromo and chloro substituents make it a versatile reagent in cross-coupling reactions, such as Suzuki and Heck reactions, which are critical in creating carbon-carbon bonds in advanced organic molecules.