Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its trifluoromethyl group enhances the metabolic stability and bioavailability of drugs, making it valuable in the development of medications targeting neurological disorders and cancer. Additionally, it is employed in agrochemical research to create more effective and selective pesticides. The compound's unique structure also finds utility in organic synthesis, particularly in the preparation of fluorinated amino acids for peptide modification and protein engineering.