This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is often employed in the development of pharmaceuticals, where its unique halogenated aromatic structure can be modified to create active drug molecules. Additionally, it serves as a building block in the synthesis of agrochemicals, contributing to the creation of herbicides or pesticides. Its ester functional group makes it a versatile precursor for further chemical reactions, such as hydrolysis or transesterification, enabling the formation of various derivatives for research and industrial applications.