Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs and antipsychotic medications. Its structure allows for selective functionalization, making it valuable in constructing complex heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura and Negishi couplings to build biaryl frameworks in medicinal chemistry. Also utilized in agrochemical research for designing novel pesticides and herbicides due to the presence of halogen and trifluoromethyl groups that enhance bioactivity and metabolic stability.