Primarily used in the synthesis of pharmaceuticals, this compound serves as a key intermediate in the production of various drugs. Its structure allows for the introduction of trifluoroethyl groups into molecules, which can enhance the biological activity and metabolic stability of the resulting compounds. Additionally, it is utilized in agricultural chemistry for the development of herbicides and pesticides, where the trifluoroethyl moiety can improve the efficacy and selectivity of these agents. In research settings, it is employed in organic synthesis to create complex molecules for studying chemical reactions and mechanisms. Its versatility makes it valuable in both industrial and academic laboratories.