Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its unique halogen substitution pattern allows for selective reactivity, making it valuable in cross-coupling reactions to create complex molecules. Additionally, it is employed in materials science for the development of liquid crystals and polymers, where its fluorine and chlorine atoms contribute to desired electronic and thermal properties. Its stability and versatility make it a key component in research and industrial applications.