Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) where the introduction of bromo and fluoro substituents can enhance biological activity. Additionally, it is utilized in the synthesis of specialty chemicals, including dyes and pigments, due to its ability to facilitate specific reactions. Its application extends to research and development, where it serves as a building block for creating complex molecules with potential therapeutic properties.