Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated and iodinated aromatic compounds for medicinal research. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with enhanced metabolic stability and binding affinity. Commonly employed in radiolabeling studies due to the presence of iodine, enabling imaging and tracer applications. Also utilized in the preparation of specialty agrochemicals and fluorescent probes for biochemical assays.