Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other antidepressant drugs. Its structure allows for selective functionalization, making it valuable in building complex bioactive molecules. Also employed in the development of agrochemicals, including certain herbicides and fungicides, due to its halogenated aromatic framework which enhances biological activity. Commonly utilized in research laboratories for the preparation of chiral catalysts and ligands in asymmetric synthesis.