Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of herbicides and fungicides. Its structure allows for selective functionalization in organic reactions, making it valuable in building complex aromatic compounds. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds in fine chemical manufacturing. Also utilized in the development of specialty polymers and liquid crystals due to its steric bulk and electronic properties.