Used primarily as an intermediate in the synthesis of pharmaceuticals, agrochemicals, and fine chemicals. Its reactive chloride and bromide groups allow for selective substitution reactions, making it valuable in building complex organic molecules. Commonly employed in the preparation of benzylated compounds and in cross-coupling reactions such as Suzuki or Heck reactions to form carbon-carbon bonds. Also utilized in the development of ligands for catalysts and in the production of certain active ingredients in crop protection agents.