Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. It is particularly valuable in the construction of complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Additionally, it is employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create novel organic materials and ligands for catalysis. Its halogenated structure makes it a versatile building block in medicinal chemistry for designing drugs targeting neurological disorders, cancer, and infectious diseases.