This compound is primarily utilized in the field of agrochemicals, where it serves as a key intermediate in the synthesis of herbicides. Its unique structure allows it to effectively target and inhibit the growth of unwanted plants, making it valuable for crop protection. Additionally, it is employed in pharmaceutical research for the development of novel drug candidates, particularly those involving fluorinated compounds, due to its difluoroacetic acid moiety. The chemical's properties also make it suitable for use in organic synthesis, where it acts as a building block for more complex molecules in various industrial applications.