Used primarily as a fluorinated building block in organic synthesis, it plays a crucial role in the development of pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the metabolic stability and bioavailability of compounds, making it valuable in drug design. Additionally, it is utilized in the production of specialty chemicals and materials, particularly those requiring unique fluorinated properties for improved performance. In research, it serves as a key intermediate for synthesizing complex molecules with specific functional characteristics.