Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its halogenated structure allows for selective substitution reactions, making it valuable in creating complex molecules. In pharmaceutical research, it aids in developing active ingredients for drugs, particularly those targeting specific biological pathways. In agrochemicals, it contributes to the synthesis of pesticides and herbicides, enhancing their effectiveness and selectivity. Additionally, it is utilized in material science for the development of specialty chemicals and polymers, where its unique properties improve performance and stability.