Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced biological activity. Its structure allows for selective functionalization in aromatic rings, making it valuable in medicinal chemistry for creating analogs with improved metabolic stability and binding affinity. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex molecules. Also utilized in the preparation of liquid crystals and functional materials where fluorine substitution influences electronic properties.