Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It plays a role in the production of compounds with potential therapeutic applications, such as anti-inflammatory and anticancer agents. Additionally, it is employed in organic synthesis to introduce the 4-fluorobenzyl group into target molecules, enhancing their biological activity or stability. Its reactivity with amines and alcohols makes it valuable for creating urethanes, ureas, and other derivatives used in drug discovery and material science.