Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of herbicides and fungicides. Its structure allows for selective functionalization, making it valuable in creating active ingredients with improved efficacy and environmental profiles. Commonly employed in cross-coupling reactions, such as Suzuki and Negishi couplings, to build complex molecules in medicinal chemistry. Also utilized in the production of specialty chemicals where halogen and trifluoromethyl groups enhance biological activity or stability.