This chemical is primarily utilized in organic synthesis as a versatile intermediate for the production of more complex compounds. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its reactive halogen atoms, which enable various substitution and coupling reactions. Additionally, it serves as a building block in the synthesis of agrochemicals, dyes, and other specialty chemicals. Its unique structure allows for selective modifications, making it useful in research and development for creating novel molecules with specific properties.