This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. It serves as a key intermediate in the creation of bioactive molecules, often targeting enzymes or receptors involved in various diseases. Its unique structure, featuring both a fluorine atom and a hydroxyl group, makes it valuable for modifying the pharmacokinetic and pharmacodynamic properties of potential drugs. Additionally, it is explored in medicinal chemistry for its potential anti-inflammatory, antimicrobial, or anticancer properties. Researchers also investigate its role in designing small-molecule inhibitors for specific biological pathways.