Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its halogenated structure makes it valuable for introducing fluorine and bromine atoms into complex molecules, enhancing their biological activity or stability. It is also utilized in the development of specialty chemicals, such as dyes and pigments, where its unique structure contributes to specific properties like color fastness or light absorption. Additionally, it plays a role in materials science, particularly in the creation of advanced polymers with tailored characteristics.