Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to its multiple halogen and nitro functional groups. The compound's electron-withdrawing substituents enhance its reactivity in nucleophilic aromatic substitution, making it valuable in the preparation of herbicides and plant growth regulators. It also serves in the development of high-performance liquid crystal materials and specialty polymers where thermal and chemical stability are required. Its carboxylic acid group allows for easy derivatization into esters, amides, or salts for further application in medicinal chemistry.