Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated drug candidates where enhanced metabolic stability and bioavailability are desired. Its structure allows for easy functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with improved potency. Also employed in the preparation of agrochemicals and specialty materials, where the presence of fluorine atoms influences lipophilicity and binding characteristics. Commonly utilized in research settings for building complex molecules through derivatization of the alcohol group.