Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs, particularly those targeting specific biological pathways. Additionally, it is employed in the creation of advanced materials, such as liquid crystals and polymers, where its bromine and fluorine atoms contribute to desired properties like stability and reactivity. Its applications also extend to research and development in medicinal chemistry, where it is utilized to explore new chemical entities and potential therapeutic agents.