Used primarily as a reagent in organic synthesis, this compound serves as a source of the 2,2,2-trifluoroethyl group in the preparation of fluorinated pharmaceuticals and agrochemicals. Its tosylate group acts as a good leaving group, facilitating nucleophilic substitution reactions under mild conditions. It is particularly valuable for introducing the trifluoroethyl moiety into molecules to enhance metabolic stability, lipophilicity, and bioavailability in drug design. Commonly employed in the development of CNS agents, anesthetics, and enzyme inhibitors where fluorine substitution plays a critical role in activity. Also used in radiolabeling and PET tracer development due to the presence of fluorine atoms.