Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. It serves as a building block in agrochemicals for the development of herbicides and fungicides due to its ability to enhance bioavailability and metabolic stability. Also employed in the preparation of liquid crystals and functional materials where fluorinated aromatic compounds improve thermal and chemical resistance. Its phenolic structure allows for easy derivatization, making it valuable in medicinal chemistry for structure-activity relationship (SAR) studies.