Used primarily as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds. It serves as a brominating agent and electrophile in reactions where selective functionalization of aromatic or unsaturated systems is required. Commonly employed in the development of pharmaceuticals and agrochemicals due to its ability to introduce bromine atoms and furan-dione moieties into complex molecules. Also utilized in research settings for the synthesis of bioactive compounds and functional materials.