Used as a key intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building blocks in drug design. Commonly employed in esterification and coupling reactions to introduce fluorinated aromatic moieties into larger drug candidates. Also utilized in the development of agrochemicals and specialty polymers due to enhanced metabolic stability imparted by the fluorine atom.