This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its functional groups that allow for further chemical modifications. It serves as a key intermediate in the production of active ingredients for drugs, particularly those targeting specific diseases or conditions requiring fluorinated aromatic compounds. Its structure is also valuable in the development of herbicides and pesticides, where the chloro and fluoro substituents enhance biological activity and stability. Additionally, it is employed in organic research for studying reaction mechanisms and developing novel synthetic pathways.