Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its bromo and fluoro substituents make it a valuable building block for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of specialty chemicals, where its unique structure aids in creating compounds with specific biological or chemical properties. Its role in research and development is significant, particularly in the design of new drugs and crop protection agents.