Used primarily in organic synthesis, it serves as a key intermediate in the production of various organic compounds. Its applications extend to the development of dyes, pigments, and fluorescent materials due to its ability to modify light absorption and emission properties. In research, it is utilized in the study of photophysical and photochemical processes, aiding in the understanding of molecular interactions and energy transfer mechanisms. Additionally, it finds use in the synthesis of pharmaceuticals, where its bromine atom can be leveraged for further functionalization to create bioactive molecules. Its role in material science includes the development of advanced polymers and coatings with enhanced properties.