This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. It is particularly valuable in the synthesis of quinoline derivatives, which are often explored for their potential pharmacological activities. Researchers use it to create compounds that may exhibit antimicrobial, anticancer, or anti-inflammatory properties. Additionally, it serves as an intermediate in the preparation of materials for electronic and optoelectronic applications due to its unique structural properties. Its halogenated structure makes it a useful reagent in cross-coupling reactions, which are essential in the production of pharmaceuticals and advanced materials.