Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of active ingredients for drugs targeting various diseases. Additionally, it finds application in the synthesis of specialty chemicals and dyes, where its halogenated aromatic ring contributes to the desired properties of the final product. Its role in cross-coupling reactions also makes it useful in material science for creating advanced polymers and electronic materials.