This chemical is primarily used in organic synthesis as a building block for more complex molecules. Its fluorine atom makes it a valuable intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. The presence of both a hydroxyl group and a fluorine atom allows it to participate in various reactions, such as nucleophilic substitutions and esterifications, making it versatile in the development of compounds with specific biological or chemical properties. Additionally, it can be utilized in the synthesis of fluorinated polymers or materials, where the fluorine content enhances properties like chemical resistance and stability. Its applications also extend to research and development, particularly in the study of fluorine-containing compounds and their interactions.