Used primarily in organic synthesis as a versatile building block for constructing complex molecules. Its halogen substituents make it a valuable intermediate in cross-coupling reactions, such as Suzuki and Sonogashira reactions, to form biaryl compounds. It is also employed in the development of pharmaceuticals and agrochemicals, where its structure allows for precise modifications to create biologically active compounds. Additionally, it serves as a key reagent in materials science for designing organic electronic materials and liquid crystals.