Used as a key intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the production of quinolone antibiotics. Its structure allows for cyclization reactions that form the core scaffold of active antimicrobial agents. Also employed in agrochemical synthesis for developing herbicides and fungicides due to the stability imparted by the trifluoromethyl group. The compound’s keto-functionalities enable condensation and nucleophilic addition reactions, making it valuable in fine chemical manufacturing.