This chemical is primarily utilized in organic synthesis as a versatile building block for the creation of complex aromatic compounds. Its unique halogen substitution pattern makes it valuable in cross-coupling reactions, such as Suzuki or Sonogashira couplings, where it serves as a precursor for pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of liquid crystals and organic electronic materials due to its ability to modify electronic properties and molecular structure. Its stability and reactivity also make it suitable for use in research and development of novel chemical entities in medicinal chemistry.