Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of angiotensin II receptor antagonists for treating hypertension. Its structure supports the creation of biologically active molecules due to the electron-withdrawing trifluoromethyl group enhancing metabolic stability. Also employed in agrochemicals for designing herbicides and fungicides, where the trifluoromethyl moiety improves lipophilicity and bioavailability. Commonly utilized in organic synthesis for constructing complex aromatic systems through cross-coupling and condensation reactions.