This compound is primarily used 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 and pesticides. In pharmaceuticals, it is often incorporated into compounds targeting specific enzymes or receptors, potentially leading to treatments for diseases such as cancer, inflammation, or central nervous system disorders. In agrochemicals, it contributes to the creation of herbicides, fungicides, or insecticides with improved efficacy and environmental profiles. Its unique structure also makes it a useful building block in organic synthesis for research and development purposes.