Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated and brominated aromatic compounds. Its structure allows for selective substitution reactions, making it valuable in building complex molecules for drug discovery. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to form carbon-carbon or carbon-heteroatom bonds. Also utilized in the preparation of dyes and functional materials where halogen and nitro group transformations are required.