Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its reactivity allows for the introduction of the 2-fluorobenzoyl group into larger molecules, making it valuable in the development of active ingredients in drugs, particularly in central nervous system agents and anti-inflammatory compounds. Also employed in the preparation of liquid crystals and other specialty organic compounds where fluorinated aromatic structures enhance stability or biological activity. Commonly used in peptide coupling and acylation reactions due to its ability to form amide and ester bonds under controlled conditions.