Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients that require functionalized aromatic backbones. Its reactive halogen groups enable selective coupling reactions, making it valuable in building complex organic molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions for the preparation of biaryl compounds and other derivatives. Also utilized in the production of specialty polymers and ligands for catalysis due to its ability to introduce both bromo and chloromethyl functionalities in a single molecule.