Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and central nervous system agents. Its fluorinated aromatic structure enhances metabolic stability and bioavailability in drug candidates. Also employed in agrochemical research for designing herbicides and plant growth regulators due to its structural specificity and reactivity. The carboxylic acid group allows for easy derivatization, making it valuable in medicinal chemistry for creating amides, esters, and other functionalized compounds.