Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs. It is particularly valuable in the development of central nervous system (CNS) agents, where its structural properties help in creating compounds that can cross the blood-brain barrier effectively. Additionally, it is utilized in the preparation of ligands for receptor binding studies, aiding in the discovery of new therapeutic targets. Its fluoromethyl group enhances metabolic stability, making it a useful component in the design of molecules with improved pharmacokinetic profiles.