Used in organic synthesis as a building block for more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the creation of compounds with potential anti-inflammatory or anticancer properties. The fluorine and methoxy groups enhance its reactivity, making it valuable in cross-coupling reactions. Additionally, it serves as a precursor in the synthesis of liquid crystals and organic electronic materials, contributing to advancements in display technologies. Its structural features also make it useful in studying enzyme inhibition and drug design.