This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. Its structure allows for further functionalization, making it a versatile reagent in various chemical reactions, including cross-coupling reactions, which are essential in the manufacture of fine chemicals and specialty materials.