Used in the synthesis of fluorinated organic compounds, particularly in pharmaceuticals where the fluorophenyl group enhances metabolic stability and bioavailability. Serves as an intermediate in the preparation of active pharmaceutical ingredients (APIs), especially in drugs targeting central nervous system disorders and anti-inflammatory agents. Its keto and carboxylic acid functionalities allow for further chemical modifications, making it valuable in medicinal chemistry for building complex molecules. Also employed in the development of agrochemicals due to the favorable electronic properties imparted by the fluorine atom.