This chemical is primarily utilized in the synthesis of organic compounds, particularly in pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, including potential drugs targeting neurological disorders and cancer. Its structure, featuring a benzyloxy group and a fluorine atom, makes it valuable for creating compounds with specific binding properties to biological targets. Additionally, it is employed in the preparation of liquid crystals and advanced materials, where its unique electronic and steric characteristics contribute to desired properties in the final product. Its role in organic synthesis often involves coupling reactions or as a precursor for more complex chemical entities.