Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in cross-coupling reactions such as Suzuki and Stille reactions. Its halogen functionality allows for selective substitution, making it valuable in the development of complex organic molecules. Commonly employed in the preparation of bioactive compounds and functionalized aromatic systems in medicinal chemistry research. Also utilized in the production of liquid crystals and organic semiconductors due to its ability to participate in palladium-catalyzed transformations.