Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the synthesis of compounds with potential therapeutic properties, such as anti-inflammatory and anticancer agents. Additionally, it is employed in the development of specialty chemicals and fine chemicals, where its bromine and fluorine substituents enable diverse chemical transformations. Its role in cross-coupling reactions and as a building block for complex molecules makes it a versatile component in research and industrial applications.