Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for drugs targeting central nervous system disorders and anti-inflammatory agents. Its structure allows for selective functionalization, making it valuable in creating complex organic molecules through cross-coupling reactions like Suzuki or Heck reactions. Also employed in the production of agrochemicals and specialty materials due to its halogen substitution pattern, which enhances reactivity and binding affinity in target compounds.