This compound is primarily utilized in the synthesis of complex organic molecules, particularly in the pharmaceutical industry. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs), especially those targeting specific biological pathways. Its structure, featuring both chloro and fluoro substituents, makes it valuable for creating compounds with enhanced biological activity and stability. Additionally, it is employed in agrochemical research for designing novel pesticides and herbicides, leveraging its ability to interact with specific enzymes or receptors in pests or weeds. Its hydroxyl and ester functional groups also make it a versatile building block in organic synthesis for constructing more complex chemical architectures.