Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its structure allows for incorporation into molecules where fluorine substitution improves pharmacokinetic properties. Commonly employed in the preparation of active ingredients in herbicides and antidiabetic drugs due to its ability to mimic carboxylic acid functionalities while resisting degradation. Also utilized in materials science for designing specialty polymers with unique thermal and chemical resistance properties.