This compound is primarily utilized in pharmaceutical research and development as a key intermediate in the synthesis of biologically active molecules. Its structural features, including the fluorine atom and hydroxyl group, make it valuable for constructing complex drug candidates, particularly in the field of central nervous system (CNS) therapeutics. It is often employed in the preparation of compounds targeting receptors or enzymes involved in neurological disorders. Additionally, its tert-butyl carboxylate group provides stability and facilitates further chemical modifications, making it a versatile building block in medicinal chemistry.