Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and brominated aromatic compounds. Its structure allows for selective cross-coupling reactions, making it valuable in creating active pharmaceutical ingredients (APIs) for potential use in central nervous system agents and anti-inflammatory drugs. Commonly employed in Suzuki and other palladium-catalyzed reactions to build complex molecules in medicinal chemistry research. Also utilized in agrochemical research for designing novel bioactive compounds.