Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides. Its structure allows for selective functionalization, making it valuable in creating active ingredients with enhanced stability and efficacy. Commonly employed in cross-coupling reactions such as Suzuki-Miyaura and Negishi couplings to build complex aromatic systems. Also utilized in the preparation of liquid crystals and organic electronic materials due to its electron-donating properties and structural rigidity.