This chemical is primarily used in organic synthesis as a versatile intermediate. It serves as a building block for the preparation of more complex molecules, particularly in pharmaceutical research and development. The presence of both bromo and formyl groups makes it suitable for various coupling reactions, such as Suzuki or Heck reactions, enabling the creation of diverse organic compounds. It is also employed in the synthesis of fine chemicals and specialty materials, where its functional groups allow for further modifications to achieve desired properties. Additionally, it finds application in the development of agrochemicals and dyes, contributing to the formulation of products with specific biological or colorimetric activities.