Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. Its functional groups allow for selective modifications, making it valuable in constructing complex organic molecules. Commonly employed in the preparation of analgesic and anti-inflammatory agents due to its ability to serve as a building block in cross-coupling reactions. Also utilized in the creation of agrochemicals and specialty chemicals where halogenated aromatic structures are required for biological activity.