Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals and agrochemicals. Its halogenated structure makes it valuable for creating complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs) targeting specific biological pathways. Additionally, it is employed in the production of dyes and pigments due to its ability to introduce functional groups that enhance color properties. In research, it is utilized as a building block in cross-coupling reactions to develop novel compounds with potential therapeutic or industrial applications.