Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its halogenated structure makes it valuable for cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the formation of complex aromatic systems. It is also employed in the development of liquid crystals and advanced materials due to its ability to introduce functional groups into molecular frameworks. Additionally, it finds use in research for studying reaction mechanisms and designing novel compounds with specific electronic or structural properties.