Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory, antidiabetic, anticancer, and antimicrobial agents. The fluorine and hydroxyl groups in its structure enhance biological activity and support the formation of chalcone derivatives. It is also employed in research on smart materials and chemical sensors due to its responsiveness to environmental changes, such as light or pH. Commonly used in research settings to explore new therapeutic molecules and advanced materials owing to the reactivity of its carbonyl and hydroxyl groups.