This compound is primarily utilized in the field of medicinal chemistry and drug development. It serves as a key intermediate in the synthesis of various pharmaceutical agents, particularly those targeting neurological disorders and metabolic diseases. Its structural features, including the difluoro and hydroxyl groups, make it a valuable building block for designing molecules with enhanced biological activity and selectivity. Additionally, it is explored in the development of enzyme inhibitors and receptor modulators due to its ability to interact with specific biological targets. Research also focuses on its potential application in creating novel therapeutics for conditions such as Alzheimer's disease and other neurodegenerative disorders.