Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides. Its structure allows for selective functionalization, making it valuable in creating active ingredients with improved efficacy and stability. Also employed in the preparation of liquid crystals and organic semiconductors due to its aromatic backbone and halogen substitution, which influence electronic properties. Commonly utilized in cross-coupling reactions such as Suzuki and Heck reactions for building complex aromatic systems in research and industrial settings.