Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential anti-inflammatory and central nervous system activity. Its structure allows for further functionalization in multi-step organic reactions, making it valuable in medicinal chemistry research. Commonly employed in the preparation of benzoxazole and chroman derivatives, which are important scaffolds in drug discovery. Also utilized in studies involving selective receptor modulators due to its aromatic and halogenated features that influence binding affinity and metabolic stability.