Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of active ingredients for various drugs and pesticides. Its bromo and fluoro substituents make it a valuable building block in organic synthesis, particularly in cross-coupling reactions like Suzuki and Buchwald-Hartwig reactions, which are essential for creating complex molecules. Additionally, it is employed in material science for the preparation of specialty chemicals and advanced materials, including liquid crystals and polymers. Its unique structure allows for precise modifications, enabling researchers to fine-tune the properties of the final products for specific applications.