Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a building block in the formation of more complex organic molecules. Its structure allows for selective functionalization, making it valuable in the development of active ingredients in crop protection products and medicinal agents. It is also employed in the preparation of dyes and functional materials where bromoaryl moieties are required for coupling reactions, particularly in palladium-catalyzed cross-coupling processes like Suzuki or Buchwald-Hartwig aminations. Its utility in research laboratories extends to the creation of ligands and catalysts for asymmetric synthesis.