Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of organic semiconductors and fluorescent dyes. Its bromine functionality allows for further coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex aromatic systems. Commonly employed in research settings for the preparation of naphthalene-based derivatives with potential biological activity. Also utilized in the fabrication of optoelectronic materials due to the extended π-conjugation achievable after functionalization.