Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of fluorinated compounds which exhibit enhanced biological activity and metabolic stability. It serves as a building block in organic reactions where the trifluoromethyl group is needed to modify the lipophilicity and bioavailability of molecules. Commonly employed in the development of active ingredients in crop protection agents and in the preparation of specialty fluorinated solvents. Its stability compared to the parent aldehyde makes it preferable in storage and handling during industrial processes.