Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of herbicides and fungicides. Its structure allows for easy modification, making it valuable in developing active ingredients with enhanced biological activity. Commonly employed in medicinal chemistry for constructing trifluoromethyl-substituted aromatic compounds, which often exhibit improved metabolic stability and binding affinity. Also utilized in research settings for designing new bioactive molecules targeting central nervous system disorders and inflammatory conditions.