This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. Its trifluoromethyl group enhances the biological activity and stability of the final products, making it valuable in the development of drugs targeting various diseases, including cancer and inflammatory conditions. In agrochemicals, it is used to create pesticides and herbicides with improved efficacy and resistance to environmental degradation. Additionally, its unique structure allows for the exploration of novel chemical reactions and the development of advanced materials in organic chemistry research.