Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure, featuring fluorine atoms and a hydroxyl group, makes it valuable for creating molecules with enhanced biological activity and stability. It is also employed in the development of advanced materials, such as liquid crystals and polymers, where its unique properties contribute to improved performance. Additionally, it finds application in research settings for studying fluorinated aromatic compounds and their reactivity.