This compound is primarily utilized in organic synthesis as a versatile building block. It serves as a key intermediate in the production of various pharmaceuticals, particularly those targeting anti-inflammatory and anticancer properties. Its trifluoromethyl group enhances the biological activity of the resulting molecules, making it valuable in drug development. Additionally, it is employed in the synthesis of agrochemicals, where its structural features contribute to the creation of effective pesticides and herbicides. In material science, it is used to develop advanced polymers and coatings with unique properties, such as increased resistance to environmental factors. Its conjugated enone system also makes it useful in the preparation of organic electronic materials.