Used primarily in organic synthesis, this compound serves as a versatile intermediate in the development of complex organic molecules. Its structure, featuring both bromine and iodine substituents, makes it highly reactive in cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential in creating pharmaceuticals and advanced materials. Additionally, it is employed in the synthesis of organic semiconductors and light-emitting diodes (OLEDs), contributing to advancements in electronic and optoelectronic devices. Its unique properties also make it valuable in research focused on novel fluorescent dyes and sensors.