Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of brominated and chlorinated aromatic compounds. It serves as a building block in cross-coupling reactions, such as Suzuki and Heck reactions, enabling the formation of complex organic molecules. Also employed in the production of dyes, functional materials, and liquid crystals due to its ability to introduce halogen functionalities into larger conjugated systems. Its selective reactivity allows for stepwise substitution, making it valuable in fine chemical synthesis.