Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to its fluorinated aromatic structure, which can enhance metabolic stability and bioavailability in active compounds. Its naphtholic core allows for easy functionalization, making it valuable in the development of specialty chemicals, including liquid crystal materials and fluorescent dyes. The electron-withdrawing trifluoromethyl group influences the compound’s reactivity and binding properties, useful in medicinal chemistry for designing enzyme inhibitors or receptor ligands.