Used primarily as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays an important role in the development of active ingredients in crop protection agents due to its reactive aldehyde and bromine functionalities. Its structure allows for selective functionalization, making it valuable in constructing nitrogen-containing heterocycles. It is also employed in the preparation of ligands for catalytic processes and in the formation of fluorescent probes for biochemical sensing. The presence of bromine atoms enables cross-coupling reactions, facilitating its use in medicinal chemistry for building complex molecules through palladium-catalyzed reactions.