This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its versatile chemical structure. It serves as a key intermediate in the production of various active ingredients, particularly in the development of fluorinated compounds. The presence of the fluorine atom enhances the biological activity and stability of the final products, making it valuable in drug discovery and crop protection. Additionally, it is employed in organic synthesis for constructing complex molecules, particularly in the formation of heterocyclic compounds, which are essential in medicinal chemistry.