This chemical is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the preparation of various pharmaceuticals and agrochemicals due to its reactive halogen and nitro functional groups. The compound is often employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to create complex aromatic structures. Additionally, it is used in the development of fluorescent dyes and materials for optoelectronic applications, leveraging its nitro and fluorine substituents. Its unique structure also makes it valuable in research for studying reaction mechanisms and designing novel chemical entities.