Used as a key intermediate in the synthesis of fluorinated pharmaceutical compounds, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structure supports the introduction of fluorine and hydroxyl functional groups into bioactive molecules, enhancing metabolic stability and binding affinity. Commonly employed in medicinal chemistry for constructing aromatic scaffolds with tailored electronic and steric properties. Also utilized in the preparation of novel analogs for structure-activity relationship (SAR) studies during drug discovery.