Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antimalarial and antibacterial agents. Its structure supports the design of compounds with enhanced metabolic stability and bioavailability due to the presence of the trifluoromethyl group. Also employed in research for fluorescent probes, taking advantage of its photophysical properties for imaging in biological systems. Additionally, it serves as a building block in the preparation of kinase inhibitors and other targeted therapies in oncology.