Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in creating complex molecules. It is also employed in the development of specialty chemicals, including dyes and polymers, where its halogenated aromatic properties are beneficial. Additionally, it serves as a building block in the synthesis of advanced materials, particularly in the field of electronics and optoelectronics, due to its ability to introduce fluorine and bromine atoms into target molecules.