Halibut

Overview
The Halibut is a fish that can be caught in the ocean at The Beach or on the Beach Farm during Spring, Summer, and Winter. It can also be caught at any time of day or season with 

Halibut has a few useful secondary uses. It can be placed in a 
- To raise capacity from 3 to 5: 3 Driftwood, 1
Frozen Geode, or 1-2
Seaweed
- To raise capacity from 5 to 7: 2 Clams or 2
Coral
- To raise capacity from 7 to 10: 2
Aquamarine, 1
Mussel, or 2 Sea Urchins
In the 
For fish pond production, a Halibut pond produces Halibut Roe with a 70% chance each day when the population is 1-4, and a 100% chance when the population is 5-10. That translates to an overall daily chance of 16-33% at low population and 55-95% at high population, with the remainder being a chance of producing nothing. Each Roe production grants 12 Fishing XP.
Halibut is also requested in the Special Orders quest Aquatic Overpopulation. 

Because Halibut can be caught in multiple seasons and has both crafting and fish pond applications, it is a fairly flexible fish to keep on hand if you want dyeing materials, pond income, or quest completion.