It is primarily used as an intermediate in the synthesis of various pharmaceutical compounds. Its structure allows it to be incorporated into molecules that target specific biological pathways, making it valuable in the development of drugs for neurological and cardiovascular conditions. Additionally, it finds application in the production of agrochemicals, where it contributes to the creation of pesticides and herbicides with enhanced efficacy. The compound's fluorophenoxy group also makes it useful in organic synthesis for constructing complex molecules with specific properties.