Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and other biologically active compounds. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating fluorinated heterocyclic compounds. It is also employed in agrochemical research for designing new pesticides and herbicides due to the enhanced metabolic stability provided by the fluorine atom. Additionally, it serves as a building block in the preparation of fluorescent probes and materials for organic electronics.