Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of herbicides and fungicides. It serves as a building block in organic reactions, especially in cross-coupling reactions like Suzuki and Heck reactions, enabling the formation of carbon-carbon bonds. Its functional groups allow for selective modifications, making it valuable in the development of fine chemicals and active ingredients in crop protection agents. Also employed in research laboratories for the preparation of substituted aromatic compounds.