Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of fluorinated aromatic compounds, which are often incorporated into drugs to enhance their metabolic stability and bioavailability. Additionally, it serves as a building block in the development of specialty chemicals, including dyes and fragrances. Its reactivity with various nucleophiles makes it a versatile reagent in cross-coupling reactions, enabling the creation of complex molecular structures.