Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals, particularly in the development of drugs targeting neurological disorders, anti-inflammatory agents, and antibacterials. Its structure, featuring both hydroxyl and fluorine groups, can be modified to enhance efficacy and selectivity. Additionally, it finds application in the synthesis of agrochemicals, contributing to the creation of more effective pesticides and herbicides. Its unique chemical properties also make it suitable for use in research and development of new materials, particularly in the field of advanced polymers and coatings.