Used as a key intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure allows for selective substitution reactions, making it valuable in medicinal chemistry for modifying bioactivity. Also employed in agrochemical research to design new herbicides and pesticides due to its stability and reactivity profile. Commonly utilized in Suzuki and Buchwald-Hartwig coupling reactions to build complex aromatic systems in drug discovery.