Dimming doesn't work, that's what F1 and F2 keys are for. I am not sure if there is support for it with built-in display or any other display. It'd make sense if the OS would remap these keys for display brightness for desktop computers.
I also don't think the system would allow you to remap F1 key for that particular keyboard combination (maybe Keyboard Maestro could do it but not worth the price IMHO).