Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of various agrochemicals, including herbicides and pesticides. It is also employed in the development of pharmaceutical agents, particularly in the modification of active ingredients to enhance their efficacy or stability. Additionally, it serves as a building block in the synthesis of specialty chemicals, contributing to the creation of polymers and coatings with specific properties. Its reactivity with nucleophiles makes it valuable in cross-coupling reactions, enabling the formation of complex molecular structures in research and industrial applications.