Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active compounds for treating diseases. It is also employed in the production of agrochemicals, where it contributes to the creation of herbicides and pesticides with enhanced efficacy. Additionally, this compound is utilized in organic synthesis to introduce trifluoromethyl groups into target molecules, which can improve their stability and biological activity. Its role in research and development is significant, especially in the fields of medicinal chemistry and material science.