Used in pharmaceutical research as a key intermediate for synthesizing various bioactive compounds. It plays a significant role in the development of antimicrobial and anticancer agents due to its structural properties. The compound is also utilized in organic synthesis to create complex molecules with potential therapeutic applications. Its unique halogenated structure makes it valuable in medicinal chemistry for designing drugs targeting specific biological pathways. Additionally, it serves as a building block in the production of fluorescent probes and materials for analytical chemistry.