Used in the synthesis of pharmaceutical intermediates, particularly in the development of fluorinated active pharmaceutical ingredients (APIs) where the fluorine atoms enhance metabolic stability and bioavailability. Its structure serves as a building block in medicinal chemistry for creating analogs with improved pharmacokinetic profiles. Also employed in the preparation of chiral ligands and catalysts for asymmetric synthesis. The compound's aromatic and carboxylic functionality allows for diverse derivatization, making it valuable in research and development of new drug candidates.