This chemical is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals due to its trifluoromethyl group, which enhances the biological activity and stability of the final compounds. It serves as a key intermediate in the production of active ingredients for drugs targeting conditions such as cancer, inflammation, and infectious diseases. Additionally, its epoxide functionality makes it valuable in polymer chemistry, where it is used to modify or create polymers with specific properties, such as increased resistance to chemicals or improved thermal stability. In organic synthesis, it acts as a building block for introducing trifluoromethyl groups into complex molecules, enabling the development of novel compounds with potential applications in medicinal chemistry and materials science.