Used as an intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals. Its structure allows for the introduction of difluoro and dichlorophenyl groups, which are valuable in enhancing metabolic stability and bioactivity. Commonly employed in the development of fungicides and plant growth regulators due to the presence of halogenated aromatic and ester functionalities. Also serves as a building block in medicinal chemistry for creating analogs with potential antifungal or anti-inflammatory properties.