This chemical is primarily used as an intermediate in the synthesis of more complex organic compounds, particularly in the pharmaceutical and agrochemical industries. Its structure, featuring a trifluoromethyl group and ethanolamine moieties, makes it suitable for developing active ingredients in drugs and pesticides. It is often employed in the production of compounds with potential anti-inflammatory, antifungal, or antibacterial properties. Additionally, its unique chemical properties allow it to act as a building block for creating specialized polymers and surfactants, which are utilized in industrial applications such as coatings, adhesives, and detergents.