Primarily used 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 complex molecules. In pharmaceutical research, it is often employed in the synthesis of active ingredients, particularly those targeting specific receptors or enzymes. Additionally, it finds application in the creation of herbicides and pesticides, where its chemical properties enhance the effectiveness of the final product. Its role in cross-coupling reactions also makes it useful in material science for designing advanced polymers and electronic materials.