Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. It is particularly valuable in the development of active ingredients for herbicides and fungicides, where its structural features enhance efficacy. Additionally, it finds application in organic synthesis for constructing complex molecules, often in the production of fine chemicals and specialty materials. Its unique fluorine and hydroxyl groups make it a versatile building block in medicinal chemistry, aiding in the creation of compounds with improved biological activity and stability.