Used in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of complex molecules due to its reactive aldehyde group and halogen substituents. The compound is also employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create biaryl structures. Its unique structure makes it valuable in medicinal chemistry for designing drug candidates with specific biological activities. Additionally, it is utilized in material science for synthesizing advanced organic materials with tailored properties.