This compound is primarily utilized in the synthesis of various pharmaceuticals and agrochemicals due to its unique chemical structure. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) that target specific diseases, including anti-inflammatory and antimicrobial agents. In agrochemicals, it is used to develop pesticides and herbicides that are effective against a wide range of pests and weeds. Additionally, its trifluoromethyl group enhances the stability and bioactivity of the final products, making it valuable in medicinal chemistry and crop protection research.