Used as an intermediate in the synthesis of fluorescent dyes and organic semiconductors due to its extended aromatic structure and functional groups that allow for further chemical modification. Its hydroxyl and fluoro substituents enhance electron transport properties, making it valuable in materials for optoelectronic devices such as OLEDs. Also employed in the development of pharmaceuticals where naphthalene derivatives exhibit biological activity, particularly in anti-inflammatory and antiviral agents. The compound's polarity and stability support its use in liquid crystal formulations and as a building block in agrochemicals.