Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of pharmaceuticals and agrochemicals. Its halogenated structure makes it valuable for cross-coupling reactions, such as Suzuki or Sonogashira couplings, enabling the creation of complex aromatic compounds. Additionally, it is utilized in the development of liquid crystals and organic electronic materials due to its ability to modify electronic properties. Its nitrile group also allows for further functionalization, making it a key building block in medicinal chemistry for designing drug candidates.