Used primarily in organic synthesis, this compound serves as an intermediate in the production of more complex chemical structures. It is particularly valuable in pharmaceutical research for developing active pharmaceutical ingredients (APIs) due to its halogenated aromatic structure, which allows for further functionalization. Additionally, it finds application in material science for creating specialized polymers and advanced materials. Its unique properties make it suitable for use in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in constructing carbon-carbon bonds in synthetic chemistry.