This compound is primarily utilized in organic synthesis as a key intermediate for the production of more complex molecules. Its structure, featuring a fluorinated aromatic ring and a keto-ester functional group, makes it valuable in the development of pharmaceuticals, particularly in the synthesis of bioactive compounds and drug candidates. It is often employed in reactions such as cyclizations, condensations, and as a building block for heterocyclic compounds. Additionally, its fluorinated aromatic moiety can enhance the metabolic stability and binding affinity of target molecules in medicinal chemistry applications.