Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of neuroactive compounds and central nervous system agents. Its structure allows for selective modification in drug design, making it valuable in creating analogs for serotonin and dopamine receptor modulators. Commonly employed in the preparation of fluorinated building blocks for medicinal chemistry, it enhances metabolic stability and bioavailability in target molecules. Also utilized in agrochemical research for designing bioactive molecules with improved environmental resistance.