Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its structure allows for selective functionalization in aromatic rings, making it valuable in medicinal chemistry for creating analogs with enhanced biological activity. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to build complex molecules. Also utilized in the preparation of dyes and functional materials where electron-withdrawing and electron-donating groups are strategically positioned on the benzene ring.