This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its functional groups, including the formyl and ester groups, make it a versatile building block in the creation of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) where fluorinated aromatic compounds are often desired for their enhanced stability and bioavailability. Additionally, it can be employed in the preparation of specialty chemicals and materials, such as liquid crystals or polymers, where the introduction of fluorine atoms can impart unique electronic and physical properties. Its role in cross-coupling reactions and as a precursor for further chemical modifications highlights its importance in advanced chemical research and industrial applications.