Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of anti-inflammatory and central nervous system (CNS) active compounds. Its structure allows for selective modification, making it valuable in creating fluorinated and brominated aromatic derivatives with enhanced biological activity. Commonly employed in medicinal chemistry for building complex molecules where controlled substitution on an aromatic ring is required. Also utilized in research settings for designing enzyme inhibitors and receptor ligands due to its functional group compatibility and reactivity.