Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for antidepressants and antipsychotic drugs. Its structure allows for selective reactions in building complex molecules, making it valuable in medicinal chemistry. Also employed in the development of agrochemicals due to its stability and reactivity profile. Commonly utilized in fluorination processes where the trifluoromethyl group enhances metabolic stability and lipophilicity in final compounds.