This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of more complex molecules, particularly in the synthesis of biologically active compounds. Its structure, featuring both fluoro and methoxy groups, makes it valuable for studying structure-activity relationships in drug design. Additionally, it is employed in the preparation of materials for organic electronics due to its conjugated alkyne system, which can enhance electronic properties. Researchers also explore its potential in creating fluorescent probes for biochemical applications.