Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its halogenated structure makes it valuable for cross-coupling reactions, such as Suzuki and Sonogashira couplings, enabling the creation of complex organic molecules. It is also employed in the development of liquid crystal materials and electronic chemicals due to its ability to modify molecular properties. Additionally, it finds use in research for synthesizing bioactive compounds and studying reaction mechanisms.