Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for easy modification in multi-step reactions, making it valuable in creating active pharmaceutical ingredients. Also employed in the preparation of agrochemicals and specialty polymers due to its stability and reactivity profile. Commonly utilized in research settings for building fluorinated aromatic compounds, which are important in medicinal chemistry for enhancing metabolic stability and bioavailability.