This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex molecules. Its structure, featuring multiple halogen substituents, makes it particularly useful in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in the creation of pharmaceuticals and agrochemicals. Additionally, it can be employed in the synthesis of heterocyclic compounds, which are often key components in drug discovery and material science. The presence of both bromo and iodo groups allows for selective functionalization, enabling chemists to tailor the molecule for specific applications in medicinal chemistry and advanced material design.