This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. Its unique combination of functional groups makes it particularly valuable in the development of pharmaceuticals, especially in the synthesis of active pharmaceutical ingredients (APIs) that require fluorinated aromatic compounds. Additionally, it is employed in the creation of agrochemicals, where its properties contribute to the effectiveness of pesticides and herbicides. The compound's ability to act as a building block for various chemical reactions also makes it useful in material science, particularly in the development of advanced polymers and coatings with specific performance characteristics.