Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Commonly employed in the preparation of kinase inhibitors and other biologically active molecules where fluorine substitution improves target binding and pharmacokinetic properties. Also utilized in the construction of complex organic molecules requiring selective protection and functionalization due to the presence of both phenolic and benzyloxy groups. Its structural features make it valuable in medicinal chemistry for structure-activity relationship (SAR) studies.