This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecules. Its multiple halogen substituents make it a valuable intermediate in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in pharmaceutical and agrochemical research. The ester group allows for further functionalization, enabling the synthesis of various derivatives, including carboxylic acids, amides, and alcohols. It is also employed in material science for the development of organic electronic materials due to its potential for modifying electronic properties. Additionally, its halogenated structure makes it useful in the study of halogen bonding interactions in supramolecular chemistry.