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 development of active pharmaceutical ingredients (APIs) where the introduction of specific halogenated benzyl groups is required. Additionally, it serves as a building block in the synthesis of complex molecules, enabling the creation of compounds with potential therapeutic properties. Its reactivity makes it suitable for cross-coupling reactions, which are essential in constructing diverse chemical structures for research and industrial applications.