This chemical is primarily used in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex molecules, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows it to participate in various reactions, such as coupling reactions, which are essential for creating biologically active compounds. Additionally, it serves as a building block in the synthesis of fine chemicals and specialty materials, including polymers and dyes. Its unique properties make it valuable in research and industrial applications where precise molecular construction is required.