This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its bromo and fluoro substituents make it a valuable building block in pharmaceutical research, particularly in the synthesis of active pharmaceutical ingredients (APIs) where halogenated aromatic compounds are required. Additionally, it is used in the preparation of agrochemicals, where its structure can be modified to create compounds with specific pesticidal or herbicidal properties. The ester group in the molecule also allows for further functionalization, making it versatile in various chemical reactions, such as hydrolysis or transesterification, to produce derivatives with tailored properties for specific applications.