Used primarily as an intermediate in the synthesis of pharmaceuticals and fine chemicals. Its structure allows for selective functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs), particularly in the creation of substituted aromatic compounds. Commonly employed in research settings for the preparation of psychoactive substances and analogs for pharmacological studies, though strictly regulated in many jurisdictions. Also utilized in the manufacture of agrochemicals and specialty materials where fluorinated aromatic building blocks are required.