Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for antidepressants and antipsychotic drugs. Commonly employed in the development of trifluoromethyl-containing compounds due to enhanced metabolic stability and bioavailability. Also utilized in agrochemicals for creating herbicides and pesticides with improved resistance to degradation. Frequently applied in organic research as a building block for introducing the trifluoromethyl group into complex molecules. Serves as a reagent in catalysis and fluorination processes where selective fluorine incorporation is required.