Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and central nervous system agents. Its structure supports the creation of bioactive molecules due to the presence of both hydroxyl and ester functional groups, which are amenable to further chemical modifications. Commonly employed in medicinal chemistry for building fluorinated aromatic scaffolds, which can enhance metabolic stability and binding affinity in drug candidates. Also utilized in research settings to study fluorine effects on reaction kinetics and molecular conformation.