Primarily utilized in organic synthesis, this compound serves as a versatile building block for the construction of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its halogenated structure makes it a valuable intermediate in cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential in creating diverse organic frameworks. Additionally, it finds use in material science for the preparation of specialized organic materials, including those with electronic or photonic applications. Its reactivity with various nucleophiles also makes it a key reagent in medicinal chemistry research for drug discovery and development.