Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structure is valuable in the development of compounds targeting central nervous system disorders, including anti-anxiety and antidepressant medications. Additionally, it serves as a building block in organic synthesis for creating complex molecules in agrochemical research, particularly in the development of pesticides and herbicides. Its unique chemical properties make it suitable for use in cross-coupling reactions, which are essential in the production of fine chemicals and specialty materials.