Used primarily as an intermediate in organic synthesis, this chemical is valuable in the production of pharmaceuticals and agrochemicals. It serves as a key building block for creating complex molecules due to its reactive bromine and chlorine substituents. In pharmaceutical research, it is utilized to develop compounds with potential therapeutic properties. Additionally, it finds application in the synthesis of specialty chemicals and materials, such as polymers and dyes, where its halogenated structure contributes to desired properties like stability or reactivity. Its role in cross-coupling reactions is also significant in advanced organic chemistry research.