Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its structure allows it to participate in various reactions, such as esterification and halogenation, making it valuable for creating complex molecules. In the pharmaceutical industry, it is often utilized to develop active ingredients with specific biological activities. Additionally, it serves as a building block in the synthesis of advanced materials, contributing to the development of polymers and coatings with enhanced properties. Its applications are driven by its ability to introduce both chloro and fluoro substituents into target molecules, which can significantly alter their chemical behavior and efficacy.