Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated drug candidates where the fluorine atoms enhance metabolic stability and bioavailability. Commonly employed in the preparation of active pharmaceutical ingredients (APIs) for central nervous system agents and anti-inflammatory compounds. Also utilized in agrochemicals to improve the efficacy and environmental stability of crop protection agents. Its carboxylic acid functionality allows for easy derivatization, making it valuable in medicinal chemistry for constructing more complex molecules through amide or ester formation.