Used primarily as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and analgesic agents. Its structure allows for easy functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with enhanced metabolic stability. Also employed in the development of agrochemicals, including certain herbicides and fungicides, due to the electron-withdrawing nature of the trifluoromethyl group that improves bioavailability and environmental persistence. Additionally, it serves as a building block in the preparation of fluorinated organic compounds used in specialty materials and research settings.