Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain anticoagulant and antidiabetic drugs. It serves as a building block in organic synthesis due to the reactivity of its hydroxyl and fluorine groups, enabling functionalization for complex molecule assembly. Also employed in the development of agrochemicals and specialty polymers where fluorinated aromatic compounds enhance stability and performance. Its structural properties make it valuable in research for designing bioactive molecules with improved metabolic resistance and binding affinity.