Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-keto ester derivatives that serve as building blocks for active ingredients in anti-inflammatory and central nervous system drugs. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for developing compounds with fluorinated aromatic moieties, which often enhance metabolic stability and bioavailability. Also employed in the preparation of heterocyclic compounds through cyclization reactions, supporting the development of new drug candidates in research laboratories.