Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules. Its halogenated structure makes it valuable in cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential in pharmaceutical and material science research. Additionally, it is employed in the development of liquid crystals and organic light-emitting diodes (OLEDs) due to its ability to modify electronic properties. Its unique substitution pattern also aids in the study of steric and electronic effects in chemical reactions.