This chemical is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring multiple reactive sites, makes it suitable for further functionalization, enabling the creation of complex molecules. It is often employed in the synthesis of active pharmaceutical ingredients (APIs) where the bromo and chloro substituents facilitate coupling reactions, such as Suzuki or Buchwald-Hartwig reactions. Additionally, its ester group can be hydrolyzed or transformed into other functional groups, enhancing its versatility in drug development. In agrochemical research, it serves as a precursor for the development of herbicides and pesticides, leveraging its halogenated aromatic framework for targeted biological activity.