This compound is primarily utilized in the pharmaceutical and chemical synthesis industries. It serves as a key intermediate in the production of various active pharmaceutical ingredients (APIs), particularly in the development of drugs targeting specific diseases. Its structure, featuring both a hydroxyl group and a fluorine atom, makes it a valuable building block for creating complex molecules with enhanced biological activity. Additionally, it is employed in the synthesis of specialty chemicals, where its unique properties contribute to the development of advanced materials or fine chemicals. Its applications often involve modifications to its functional groups to tailor its reactivity for specific synthetic pathways.