Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of fluorinated analogs of bioactive molecules. Its structure allows for enhanced metabolic stability and lipophilicity, making it valuable in medicinal chemistry for optimizing drug candidates. Commonly employed in the development of herbicides and plant growth regulators due to its ability to mimic natural fatty acids while resisting degradation. Also utilized in the preparation of chiral building blocks for asymmetric synthesis.