Used primarily as a key intermediate in the synthesis of pharmaceuticals and agrochemicals. It serves in the preparation of substituted benzodioxoles, which are structural motifs in bioactive molecules. Commonly employed in the development of central nervous system agents, including certain antidepressants and antipsychotics. Also utilized in the production of fragrances and flavoring agents due to its aromatic backbone. Its reactivity makes it valuable in cross-coupling reactions for constructing complex organic molecules in research and industrial settings.