Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting specific biological pathways. Additionally, it is employed in the synthesis of dyes and pigments, where its halogenated aromatic ring contributes to color stability and intensity. Its application in research is also notable, particularly in studies involving cross-coupling reactions, which are essential for creating complex organic molecules.