Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders and cancer. Its halogenated structure allows for selective cross-coupling reactions, enabling the introduction of various functional groups during drug development. Commonly employed in the preparation of kinase inhibitors and receptor modulators due to the reactivity of bromo and iodo substituents. Also utilized in agrochemical research for developing novel pesticides with improved efficacy and selectivity.