Used as a key intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structure allows for easy functionalization, making it valuable in building complex drug molecules. Commonly employed in cross-coupling reactions and nucleophilic substitutions to introduce fluorinated aromatic components into bioactive compounds. Also utilized in agrochemical synthesis for developing herbicides and fungicides due to the enhanced metabolic stability provided by the fluorine atom.