Used primarily in the synthesis of pharmaceutical compounds, it serves as a key intermediate in the production of active pharmaceutical ingredients (APIs). Its structure is valuable in developing drugs with anti-inflammatory, antimicrobial, or antiviral properties. Additionally, it is utilized in agrochemical research for creating novel pesticides or herbicides due to its functional groups that enhance biological activity. In material science, it can be incorporated into polymers or coatings to improve their chemical resistance or stability. Its unique fluorine and hydroxyl groups make it a versatile building block in organic synthesis for various industrial applications.