This compound is primarily used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting diseases like cancer or inflammation. Its structure, featuring a trifluoromethyl group, enhances the stability and effectiveness of the final drug molecules. Additionally, it finds application in agrochemicals, where it may be incorporated into herbicides or fungicides to improve crop protection. In materials science, it can be utilized in the production of dyes, pigments, or advanced materials for electronic applications. It also serves as a valuable building block in chemical research for creating complex molecules or studying reaction mechanisms.