Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of anti-inflammatory and analgesic drugs. It is also employed in the development of agrochemicals, including fungicides and insecticides, due to its ability to enhance metabolic stability and lipophilicity in active compounds. Its strong electron-withdrawing groups make it valuable in materials science for designing liquid crystals and functional polymers with improved thermal and chemical resistance. Additionally, it serves as a building block in the preparation of specialty chemicals used in coatings and electronic materials.