This compound is widely used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its chiral structure makes it valuable for producing enantiomerically pure drugs, particularly in the development of medications targeting central nervous system disorders. It is also employed in the creation of agrochemicals, where its trifluoromethyl group enhances the biological activity of pesticides and herbicides. Additionally, it serves as a building block in organic synthesis for constructing complex molecules with potential applications in material science and specialty chemicals.