This compound is primarily utilized in the synthesis of organic materials and pharmaceuticals due to its trifluoromethyl group, which enhances the biological activity and stability of the resulting molecules. It serves as a key intermediate in the production of agrochemicals, particularly herbicides and fungicides, where the trifluoromethyl group improves efficacy. Additionally, it is employed in the development of liquid crystal materials for electronic displays, leveraging its ability to modify molecular alignment and stability. Its application extends to medicinal chemistry, where it is used to create compounds with potential anti-inflammatory, anticancer, or antimicrobial properties.