Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting neurological and oncological conditions. Its structure is valuable for developing inhibitors that interact with specific enzymes or receptors, making it a crucial component in the discovery of new therapeutic agents. Additionally, it is employed in the study of chemical reactions involving halogenated aromatic compounds, aiding in the advancement of organic chemistry methodologies. Its unique properties also make it suitable for use in material science, particularly in the development of advanced organic electronic materials.