Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of pharmaceuticals, agrochemicals, and specialty chemicals. Its structure allows for the introduction of fluorine and methyl groups into more complex molecules, enhancing their biological activity or stability. In pharmaceutical research, it is often utilized to develop new drugs, particularly those targeting neurological disorders or cancer, due to its ability to modify drug-receptor interactions. Additionally, it finds application in the synthesis of liquid crystals and advanced materials, where its unique properties contribute to improved performance in electronic displays and optical devices.