Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and iodinated aromatic compounds. Its dual halogen functionality allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in Suzuki, Stille, and Ullmann reactions to construct biaryl systems found in bioactive compounds. Also utilized in materials science for creating liquid crystals and organic semiconductors due to its rigid aromatic core and halogen-directed molecular assembly.