This compound is primarily utilized in organic synthesis as an intermediate for the production of more complex chemical structures. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to the presence of both nitro and trifluoromethyl groups, which can enhance biological activity. Additionally, it finds application in the synthesis of agrochemicals, where its unique functional groups contribute to the efficacy of pesticides or herbicides. Its role in material science is also notable, as it can be used to create specialized polymers or coatings with specific properties like chemical resistance or durability.