Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the formation of complex organic compounds where fluorinated aromatic systems enhance metabolic stability and binding affinity. Also employed in the preparation of liquid crystal materials for display technologies due to its ability to influence mesogenic properties. The presence of both hydroxyl and carbonyl groups allows for further functionalization through esterification, etherification, or condensation reactions, making it valuable in multi-step organic syntheses.