Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows for selective bromination and fluorination reactions, making it valuable in the development of complex molecules. Additionally, it is employed in the synthesis of specialty chemicals, particularly those requiring halogenated aromatic aldehydes for further functionalization. Its applications extend to materials science, where it contributes to the creation of advanced polymers and coatings with specific properties.