Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its halogen and hydroxyl functional groups allow for selective cross-coupling reactions, making it valuable in building complex molecules for drug discovery. Commonly employed in the preparation of kinase inhibitors and other bioactive agents where fluorine substitution enhances metabolic stability and binding affinity. Also utilized in the manufacture of specialty materials requiring specific electronic or steric properties.