Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and selective COX-2 inhibitors. Its structure allows for easy functionalization, making it valuable in building complex drug molecules. Also employed in agrochemical synthesis for creating herbicides and fungicides due to its ability to enhance bioactivity. Commonly used in research settings for designing new fluorinated organic compounds with improved metabolic stability and binding affinity.