Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nicotinic receptor modulators and anti-inflammatory agents. Its halogenated structure allows for selective cross-coupling reactions, making it valuable in medicinal chemistry for building complex heterocyclic compounds. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) where iodine and chlorine substituents facilitate further functionalization through palladium-catalyzed reactions. Also utilized in agrochemical research for designing novel pesticides with improved efficacy and selectivity.