Used primarily as an intermediate in organic synthesis, especially in the pharmaceutical and agrochemical industries. It serves as a building block for cross-coupling reactions, such as Suzuki or Ullmann reactions, enabling the formation of biaryl compounds. Its halogen substituents (bromine and fluorine) provide sites for selective functionalization, making it valuable in the development of complex molecules. Commonly employed in the synthesis of bioactive compounds, including potential drug candidates and functional materials.