Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its structure supports the creation of active ingredients in crop protection agents and certain central nervous system drugs. The compound's lipophilic nature aids in membrane permeability, making it valuable in medicinal chemistry for optimizing drug candidates. It is also employed in the preparation of chiral building blocks for asymmetric synthesis.