That's amazingly clear even at great distance but it will only work if you are directly in line with the reflected light. That means you have to be a very good judge of angles to get the reflection to the target especially if it's a plane up in the sky where you can't follow the beam of light.
Hold the mirror in one hand next to your eyes, and hold up a finger at arms length, between your eye and the thing you’re trying to signal. Get the reflection from the mirror, to shine onto your outstretched finger, which because it’s aligned with the plane (or ship etc), means you’re fairly accurately aiming the light at your target.
This allows you to fairly accurately control the reflected light, and if you’re a real smart-arse, you’d theoretically be able to send reasonably accurate Morse code - although the fact almost no-one could understand your message, is kind of an issue.
Critically (and more seriously), unless people are actually searching for you, flashing cars, planes and ships when you’re in trouble may really only elicit a “Hey, I wonder what that is?” response, before the person seeing your signal, goes back to whatever they were doing.
‘Mirrors, signal fires etc, whilst important, shouldn’t be a major part of your survival plans. The three most important items I’d suggest, would be epirb, epirb and epirb (emergency position indicating radio beacon). Then sat phones, radios, etc etc etc. If you’re in trouble, you need to be able to tell people about it asap.