Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of fluorine atoms that enhance metabolic stability and bioavailability. The hydroxyl group allows for easy functionalization, making it valuable in building complex molecules. Commonly employed in the preparation of fluorinated analogs in drug discovery programs, especially in development of anti-inflammatory and central nervous system agents. Also utilized in materials science for creating specialty fluorinated polymers with improved thermal and oxidative resistance.