Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and iodinated active pharmaceutical ingredients (APIs). Its structure allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Commonly employed in Suzuki and Stille coupling reactions to introduce aromatic fragments in drug candidates targeting central nervous system disorders and oncology. Also utilized in radiolabeling studies due to the presence of iodine, enabling imaging and tracer applications in preclinical research.