Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of beta-blockers and other cardiovascular drugs. It also serves in the development of agrochemicals, including herbicides and plant growth regulators, due to its ability to mimic natural plant hormones. Its fluorinated aromatic structure enhances metabolic stability, making it valuable in medicinal chemistry for optimizing drug candidates. Additionally, it is employed in research for designing new bioactive molecules with improved potency and selectivity.