This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of various heterocyclic compounds, which are often explored for their biological activities. The presence of both bromo and fluoro substituents on the phenyl ring makes it a valuable building block for introducing these functional groups into more complex molecules. Additionally, it is employed in the synthesis of dyes and pigments, where its structural properties contribute to the desired color and stability. Researchers also use it in the study of chemical reactions involving hydrazine derivatives, aiding in the development of new synthetic methodologies.