Used in pharmaceutical research as a building block for synthesizing complex molecules, particularly in the development of potential drug candidates. Its structure allows for the introduction of fluorine and iodine atoms, which can enhance the biological activity and metabolic stability of compounds. It is also employed in organic synthesis to create intermediates for agrochemicals and specialty chemicals. The compound's reactivity makes it valuable in cross-coupling reactions, which are essential for constructing diverse chemical frameworks. Additionally, it serves as a precursor in the preparation of dyes and pigments due to its aromatic amine functionality.