Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fungicides and insecticides. Its structure allows for further functionalization in heterocyclic compound formation, making it valuable in medicinal chemistry for building bioactive molecules. Commonly employed in cross-coupling reactions such as Suzuki or Heck reactions to construct carbon-carbon bonds in complex organic frameworks. Also utilized in the preparation of fluorinated analogs in drug discovery, where the trifluoromethyl group enhances metabolic stability and lipophilicity.