Used primarily in organic synthesis, this compound serves as a versatile intermediate in the production of more complex molecules. It is particularly valuable in cross-coupling reactions, such as Suzuki or Sonogashira couplings, where it facilitates the formation of carbon-carbon bonds. Its halogenated structure makes it a useful building block in pharmaceuticals, agrochemicals, and advanced materials. Additionally, it finds application in the development of liquid crystals and organic electronic components due to its ability to modify molecular properties. Its reactivity with various reagents also makes it a key component in research and industrial processes aimed at creating novel compounds.