This compound is primarily utilized in organic synthesis as a versatile reagent, particularly in the formation of carbon-carbon and carbon-heteroatom bonds. Its structure, featuring both a phenacyl group and fluorine substituents, makes it a valuable intermediate in the preparation of fluorinated organic compounds. It is often employed in the synthesis of pharmaceuticals and agrochemicals, where the introduction of fluorine atoms can enhance the biological activity and stability of the target molecules. Additionally, it serves as a key building block in the development of advanced materials, such as liquid crystals and polymers, where fluorinated aromatic compounds are essential for achieving specific electronic and optical properties. Its reactivity with nucleophiles also makes it useful in the synthesis of heterocycles, which are important scaffolds in medicinal chemistry.