This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting neurological and inflammatory disorders. Its structure allows for the creation of molecules that can interact with specific enzymes or receptors, making it valuable in drug discovery. Additionally, it is used in the preparation of fluorinated organic compounds, which are often explored for their enhanced stability and biological activity. Researchers also leverage its properties in the development of fluorescent probes for biochemical studies, aiding in the visualization of cellular processes.