Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for central nervous system (CNS) drugs. Its nitrile and hydroxymethyl functional groups allow for further chemical modifications, making it valuable in constructing complex drug molecules. Commonly employed in the preparation of fluorinated aromatic compounds that exhibit enhanced metabolic stability and bioavailability. Also utilized in the production of agrochemicals and specialty organic compounds where fluorine substitution improves performance characteristics.