Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex molecules, particularly in pharmaceuticals and agrochemicals. Its halogenated structure allows for versatile reactivity, making it valuable in cross-coupling reactions to form carbon-carbon or carbon-heteroatom bonds. It is also employed in the development of dyes and pigments due to its ability to introduce specific functional groups into aromatic systems. Additionally, it finds use in research settings for studying reaction mechanisms and designing novel chemical entities.