This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting the central nervous system and other therapeutic areas. Its fluorophenyl group enhances the biological activity and metabolic stability of the resulting compounds. Additionally, it is employed in organic synthesis for the preparation of chiral molecules, where its alcohol functional group allows for further chemical modifications. In research, it is used to study the effects of fluorinated aromatic compounds on drug efficacy and pharmacokinetics.