Primarily used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. It is particularly valuable in the development of active ingredients for crop protection products, where its unique structure contributes to the efficacy of herbicides and pesticides. Additionally, it is employed in the synthesis of advanced materials, such as liquid crystals and polymers, due to its ability to introduce specific functional groups into complex molecules. Its halogenated aromatic structure also makes it useful in cross-coupling reactions, which are essential in creating complex organic compounds for various industrial applications.