Used primarily as an intermediate in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals. It plays a key role in the formation of complex molecules through reactions like acylation, where it introduces the benzoyl group into target compounds. Its bromo and fluoro substituents enhance reactivity and selectivity, making it useful in the development of biologically active substances. Additionally, it is employed in the synthesis of specialty chemicals and materials, particularly in research settings for creating novel compounds with potential therapeutic or industrial applications.