This chemical is primarily utilized in pharmaceutical research and development, particularly in the synthesis of complex organic compounds. It serves as a key intermediate in the creation of biologically active molecules, often targeting specific enzymes or receptors in medicinal chemistry. Its unique structure allows for modifications that can lead to the discovery of new drug candidates, especially in the areas of oncology and neurology. Additionally, it is employed in the study of structure-activity relationships (SAR) to optimize the efficacy and selectivity of potential therapeutic agents. Its halogenated properties make it a valuable building block in cross-coupling reactions, which are essential in constructing diverse molecular frameworks.