Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and brominated aromatic compounds. Its functional groups allow for selective derivatization, making it valuable in constructing complex molecules for drug discovery. Commonly employed in coupling reactions and heterocycle formation, it supports the production of bioactive compounds with enhanced metabolic stability and target specificity. Also utilized in materials science for designing specialty organic semiconductors and fluorescent dyes due to its electron-withdrawing properties and structural rigidity.