This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure, featuring a fluorophenyl group, makes it particularly valuable in the development of drugs that target specific receptors or enzymes in the body. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides that are more effective and environmentally friendly. The compound's unique properties also make it a candidate for research in material science, particularly in the development of advanced polymers and coatings with enhanced durability and performance.