Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of central nervous system (CNS) drugs. Its structural features enable selective interactions with neurological targets, making it valuable in creating active ingredients for antidepressants and antipsychotics. The presence of functional groups like the hydroxymethyl and fluorine allows for further chemical modifications, enhancing drug potency and metabolic stability. Commonly employed in medicinal chemistry for optimizing pharmacokinetic properties in drug candidates.