This compound is primarily utilized in organic synthesis as a versatile building block for the creation of more complex molecules. Its structure, featuring both chloro and fluoro substituents, makes it a valuable intermediate in the development of pharmaceuticals and agrochemicals. The ethynyl group allows for further functionalization through reactions like Sonogashira coupling, enabling the formation of carbon-carbon bonds. It is particularly useful in the synthesis of heterocyclic compounds, which are often key components in drug discovery. Additionally, its unique electronic properties make it suitable for applications in material science, such as the development of organic semiconductors or liquid crystals.