Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals. Its structure allows for easy introduction of fluorine atoms into organic molecules, enhancing metabolic stability and bioavailability in drug design. Commonly employed in the preparation of fluorinated beta-keto esters, which serve as building blocks for heterocyclic compounds like pyrazoles and pyrimidines. Also utilized in the development of fluorinated analogs of natural products for structure-activity relationship studies. Its reactivity in condensation and alkylation reactions makes it valuable in medicinal chemistry for creating diverse compound libraries.