Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated drug compounds where the fluorine atom enhances metabolic stability and bioavailability. Its hydroxyl and methyl functional groups allow for further chemical modifications, making it valuable in building complex organic molecules. Commonly employed in the production of active pharmaceutical ingredients (APIs) for central nervous system agents and anti-inflammatory drugs. Also utilized in agrochemical synthesis for creating herbicides and pesticides with improved efficacy and environmental persistence. Its structure supports selective reactions in multi-step organic syntheses, especially in cross-coupling and electrophilic substitution processes.