Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of psychotropic drugs and antidepressants. Its structure enables selective binding in central nervous system agents, making it valuable in medicinal chemistry. It is also employed in the preparation of agrochemicals, including certain fungicides and plant growth regulators, due to its stability and reactivity in cross-coupling reactions. Additionally, it serves as a building block in the creation of fluorinated heterocyclic compounds for use in PET imaging probes and other diagnostic agents.