Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its structure allows for the introduction of trifluoromethyl groups into more complex molecules, which can enhance metabolic stability and bioavailability in drug design. Commonly employed in the development of anti-inflammatory agents, antidepressants, and antipsychotic compounds. Also utilized in the preparation of specialty chemicals where fluorinated moieties improve performance, such as in certain herbicides and fungicides. Its reactivity makes it valuable in organic transformations, particularly in carbon-carbon bond formation and nucleophilic addition reactions.