Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial, antifungal, or anti-inflammatory properties. Its structure allows for easy functionalization in cross-coupling reactions, making it valuable in medicinal chemistry for building complex aromatic compounds. Commonly employed in the preparation of kinase inhibitors and other targeted therapies in drug discovery. Also utilized in the creation of fluorinated analogs to improve metabolic stability and lipophilicity in lead compounds.