Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its reactive bromo and chloromethyl groups allow for selective functionalization, making it valuable in cross-coupling reactions and the construction of complex molecules. Commonly employed in the preparation of bioactive compounds where fluorine substitution enhances metabolic stability and binding affinity. Also utilized in materials science for designing specialty polymers and liquid crystals with tailored electronic properties.