Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and central nervous system agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in research settings to prepare fluorinated analogs of bioactive compounds, enhancing metabolic stability and binding affinity. Also utilized in the preparation of agrochemicals and specialty polymers due to the presence of fluorine and hydroxyl groups that influence reactivity and material properties.