Used primarily as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for selective functionalization, making it valuable in creating active ingredients in nonsteroidal anti-inflammatory drugs (NSAIDs). It is also employed in the preparation of trifluoromethyl-substituted aromatic compounds, which are important in medicinal chemistry for enhancing metabolic stability and bioavailability. Additionally, this compound serves as a building block in the synthesis of agrochemicals and specialty materials where halogenated aromatic systems are required.