Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the introduction of fluorine and methoxy groups into target molecules, enhancing their biological activity and stability. In the pharmaceutical industry, it is often utilized in the development of drugs targeting central nervous system disorders, due to its ability to modulate receptor interactions. Additionally, it finds application in the synthesis of herbicides and pesticides, where its chemical properties contribute to the efficacy and selectivity of the final products. Its role in research and development is also significant, particularly in the study of fluorinated aromatic compounds and their effects on biological systems.