Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals and agrochemicals. Its unique structure allows for the creation of molecules with specific biological activities, particularly in the design of drugs targeting enzymes or receptors. Additionally, it is employed in the preparation of advanced materials, where its functional groups enable modifications to enhance properties like solubility or reactivity. Researchers also utilize it in the study of chemical reactions involving halogenated aromatic compounds, contributing to the development of new synthetic methodologies.