Used as a key 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 functional groups allow for selective cross-coupling reactions, making it valuable in constructing complex aromatic frameworks in medicinal chemistry. Also employed in agrochemical research for designing novel pesticides and herbicides due to its halogen substitution pattern that enhances bioactivity. Commonly utilized in Suzuki and Ullmann coupling reactions to build biaryl structures in drug discovery programs.