This chemical is primarily utilized in the pharmaceutical and agrochemical industries due to its unique structural properties. In pharmaceuticals, it serves as a key intermediate in the synthesis of various active compounds, particularly those targeting neurological and cardiovascular disorders. Its cyclopropoxy and fluoro groups enhance its ability to interact with specific biological receptors, making it valuable in drug development.

In agrochemicals, it is employed in the creation of pesticides and herbicides. The chemical's structure allows it to effectively disrupt the metabolic processes of pests and weeds, providing a potent solution for crop protection. Its stability and reactivity under different environmental conditions make it a reliable component in formulating agricultural chemicals.

Additionally, it is explored in research for developing novel materials, particularly in organic electronics, due to its potential to modify electronic properties in conjugated systems. Its application in these fields highlights its versatility and importance in advancing technology and health solutions.