Widely used in pharmaceutical synthesis, this compound serves as a key intermediate in the production of active pharmaceutical ingredients, particularly in antifungal and anti-inflammatory agents. Its electron-withdrawing trifluoromethyl groups enhance reactivity in cross-coupling reactions, making it valuable in building complex aromatic structures. It is also employed in agrochemicals to develop herbicides and pesticides due to its stability and reactivity profile. Additionally, it acts as a building block in materials science for designing fluorinated organic semiconductors and liquid crystals, where fluorine substitution improves thermal stability and electronic properties.