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 entities. Its structure, featuring both bromo and chloro substituents, makes it a versatile building block for constructing molecules with potential pharmaceutical applications. Researchers often employ it in the development of new drugs, particularly in the synthesis of compounds that target specific biological pathways. Additionally, its ethoxy group can be modified or used to influence the solubility and reactivity of the resulting molecules, making it valuable in medicinal chemistry. The compound is also explored in material science for creating specialized polymers or coatings with unique properties.