Used in organic synthesis as a versatile intermediate for constructing complex molecules, particularly in the pharmaceutical and agrochemical industries. It serves as a key building block for developing active pharmaceutical ingredients (APIs) due to its bromo and iodo substituents, which enable further functionalization through cross-coupling reactions. Its nitrile group also allows for transformation into other functional groups, such as carboxylic acids or amines, enhancing its utility in drug discovery. Additionally, it is employed in the synthesis of heterocyclic compounds, which are crucial in designing new drugs and agrochemicals with improved efficacy and selectivity.