Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the preparation of substituted benzoxazoles and other heterocyclic compounds. Its dual bromine functionality allows for selective cross-coupling reactions, making it valuable in building complex organic molecules. Commonly employed in research settings for developing kinase inhibitors and anti-inflammatory agents. Also utilized in the production of specialty polymers and fluorescent dyes due to its aromatic backbone and reactive sites.