Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for further chemical modifications, making it valuable in building complex organic compounds. Commonly employed in heterocyclic synthesis and as a building block in medicinal chemistry for introducing fluorinated aromatic systems. Also utilized in research settings for developing new drug candidates and in the preparation of analogs for structure-activity relationship studies.