This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly in the synthesis of heterocyclic compounds. Its structure, featuring both a carboxylic acid group and a fluorinated aromatic system, makes it valuable for designing drug candidates with enhanced metabolic stability and binding affinity. Researchers often employ it in the creation of potential therapeutic agents targeting conditions such as inflammation, cancer, and central nervous system disorders. Additionally, its unique chemical properties make it a useful building block in material science for developing advanced organic materials.