Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its fluorinated aromatic structure enhances metabolic stability and binding affinity in drug molecules. Also employed in the preparation of chiral building blocks for asymmetric synthesis. Additionally, it finds use in agrochemical research for designing herbicides and plant growth regulators due to its structural similarity to phenoxy acid derivatives.