Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and central nervous system agents. Its structure allows for derivatization into active compounds that can modulate biological targets. Commonly employed in research settings to develop new drug candidates due to the presence of both carboxylic acid and fluorinated aromatic functionalities, which enhance binding affinity and metabolic stability. Also utilized in the preparation of specialty chemicals where fluorine substitution is required for improved performance.