Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in constructing complex organic molecules. Its halogenated aromatic structure allows for selective cross-coupling reactions, making it valuable in the development of bioactive compounds. It is particularly useful in the preparation of fluorinated and brominated derivatives that exhibit enhanced metabolic stability and binding affinity in drug design. Additionally, it serves as a building block in the creation of novel heterocyclic systems for research in medicinal chemistry.