This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) and specialty chemicals. Its unique halogen substitution pattern allows for selective functionalization, making it valuable in the development of drugs targeting specific biological pathways. Additionally, it is employed in the creation of advanced materials, such as liquid crystals and polymers, where its structural properties contribute to desired performance characteristics. Its versatility in cross-coupling reactions also makes it a useful building block in organic synthesis.