Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules. Its structure allows for further functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. Commonly employed in cross-coupling reactions to form carbon-carbon bonds, it plays a role in creating complex organic frameworks found in drug candidates. Also utilized in research settings for the preparation of substituted benzodioxoles, which exhibit potential biological activity including antimicrobial and anti-inflammatory properties.