Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of central nervous system (CNS) active agents. Its structure enables selective modifications for building complex molecules in medicinal chemistry. Commonly employed in research settings for creating analogs of psychoactive drugs and anxiolytic agents. Also utilized in the preparation of fluorinated organic compounds where the fluorophenyl group enhances metabolic stability and binding affinity. Its reactivity makes it suitable for carbon-carbon bond formation in advanced synthetic routes.