Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring both hydroxyl and difluorophenyl groups, makes it valuable for creating molecules with specific biological activities. It is often employed in the development of drugs targeting neurological disorders, leveraging its ability to interact with biological systems effectively. Additionally, it finds use in the synthesis of agrochemicals, contributing to the creation of compounds that enhance crop protection. Its unique chemical properties also make it suitable for research in material science, particularly in the development of advanced polymers and coatings.