Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its bromine and ethyl groups make it a valuable building block for creating complex molecules, particularly in the development of antibacterial and antifungal agents. Additionally, it is utilized in the manufacture of specialty chemicals, including dyes and pigments, where its structural properties help achieve desired color and stability. In research, it serves as a reagent for studying chemical reactions and developing new synthetic pathways.