Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs and antipsychotic medications. Its structure allows for selective functionalization, making it valuable in constructing complex molecules through cross-coupling reactions like Suzuki or Heck reactions. Commonly employed in medicinal chemistry for the preparation of fluorinated analogs to improve metabolic stability and bioavailability. Also utilized in agrochemical research for designing novel pesticides with enhanced activity and selectivity.