Used primarily as a precursor in organic synthesis, this compound serves in the production of pharmaceuticals and agrochemicals. Its structure allows for functionalization in multi-step reactions, particularly in the development of active ingredients requiring fluorinated aromatic moieties. It is also employed in research settings for the preparation of analogs in medicinal chemistry due to the metabolic stability imparted by the fluorophenyl group. The ketone functionality enables condensation and reduction reactions, making it valuable in building complex molecules.