Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and antidiabetic agents. Its structure allows for easy modification in multi-step reactions, making it valuable in creating active pharmaceutical ingredients (APIs). Commonly employed in research settings for building complex molecules due to the reactivity of its carbonyl and ester groups. Also utilized in the preparation of heterocyclic compounds, which are prevalent in many drug molecules. Its fluorinated aromatic ring enhances binding affinity in biological systems, increasing its utility in medicinal chemistry.