Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals and agrochemicals. Its unique structure allows it to participate in various chemical reactions, facilitating the creation of complex molecules. In the pharmaceutical industry, it is often utilized in the development of active pharmaceutical ingredients (APIs) that require specific halogenated aromatic components. Additionally, its application in agrochemicals includes the synthesis of herbicides and pesticides, where its chemical properties enhance the efficacy and stability of the final products. The compound's ability to act as a building block in these industries underscores its importance in advancing both medical and agricultural sciences.