This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its structural features, including the fluoro and methoxy groups, make it a valuable building block for developing molecules with potential biological activity. It is often employed in the production of compounds targeting neurological disorders, such as antidepressants or antipsychotics, due to its ability to interact with specific receptors in the brain. Additionally, its unique structure allows for further chemical modifications, enabling researchers to explore its use in creating novel therapeutic agents for other medical conditions. Its role in drug development highlights its importance in advancing medicinal chemistry.