Primarily utilized in organic synthesis, this compound serves as a key intermediate in the production of complex organic molecules. Its structure, featuring both hydroxyl and fluorine groups, makes it particularly valuable in the development of pharmaceuticals, where it can be used to create compounds with specific biological activities. Additionally, it finds application in material science, contributing to the synthesis of advanced materials with unique electronic or optical properties. The presence of fluorine atoms enhances the stability and reactivity of the molecule, making it a versatile building block in various chemical reactions.