Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced biological activity. Its structure allows for selective substitution reactions, making it valuable in creating active ingredients in crop protection agents and medicinal compounds. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to build complex aromatic systems. Also utilized in the manufacture of specialty chemicals requiring high stability and lipophilicity, such as certain liquid crystals or functional materials.