This compound is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules, particularly in pharmaceutical research. It serves as a key intermediate in the development of biologically active compounds, including potential drugs targeting various diseases. Its structure, featuring both chloro and fluoro substituents, allows for selective modifications, making it valuable in medicinal chemistry for designing molecules with specific properties. Additionally, it may be employed in the synthesis of agrochemicals or other specialty chemicals where the introduction of halogenated aromatic groups is required. Its hydrazine moiety also makes it useful in the formation of hydrazones, which are often employed in chemical reactions or as precursors for further transformations.