Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its unique structure allows for the development of complex molecules, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target specific biological pathways. Additionally, it is employed in the creation of specialty chemicals, including dyes and pigments, due to its ability to introduce bromo and fluoro substituents into aromatic systems. Its application in research is also notable, where it aids in the study of chemical reactions and the development of novel compounds with potential therapeutic or industrial uses.