This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique structure and reactivity. In pharmaceuticals, it serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting central nervous system disorders, due to the trifluoroethyl group enhancing metabolic stability and bioavailability. It is also employed in the development of anti-inflammatory and anticancer agents, where the pyrazole ring contributes to binding affinity with target proteins. In agrochemicals, it is used to create pesticides and herbicides, leveraging its ability to disrupt the biological processes of pests and weeds effectively. Additionally, its derivatives are explored in material science for the development of advanced polymers and coatings with specialized properties.