Primarily used in the synthesis of agrochemicals, this compound serves as a key intermediate in the production of herbicides and pesticides. Its trifluoromethyl group enhances the biological activity of the resulting chemicals, making them more effective in controlling weeds and pests. Additionally, it is utilized in the development of pharmaceuticals, particularly in the creation of active ingredients for medications targeting various diseases. The compound's unique structure also finds applications in organic synthesis, where it is employed to build complex molecules for research and industrial purposes.