Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of fluorinated active pharmaceutical ingredients (APIs). Its structure allows for selective bromination and functionalization, making it valuable in constructing complex organic molecules. Commonly employed in cross-coupling reactions to form carbon-carbon bonds, it plays a role in creating biaryl systems found in certain anticancer and anti-inflammatory agents. Also utilized in the preparation of kinase inhibitors and other targeted therapies due to the presence of halogen atoms that facilitate further chemical modifications.