Used as an intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the development of anti-inflammatory and central nervous system agents. Its trifluorinated aromatic structure enhances metabolic stability and bioavailability in drug candidates. Also employed in the preparation of specialty agrochemicals, where the fluorine substituents improve lipophilicity and target binding. Commonly utilized in research settings for building blocks in medicinal chemistry due to its reactive hydroxyl and ester functional groups, allowing for further derivatization.