Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals. Its structure allows for easy incorporation into more complex molecules, particularly in the development of herbicides and fungicides. The presence of fluorine atoms enhances bioavailability and metabolic stability in active ingredients. It is also employed in the preparation of chiral compounds for drug development, where the ether and ester functionalities serve as reactive sites for further chemical transformations. Commonly utilized in research settings for designing new biologically active molecules.