This compound is widely used in the pharmaceutical industry as a chiral building block for the synthesis of various active pharmaceutical ingredients (APIs). Its trifluoromethyl group enhances the metabolic stability and bioavailability of drug molecules, making it valuable in the development of drugs targeting central nervous system disorders, such as antidepressants and antipsychotics. Additionally, it serves as an intermediate in the production of agrochemicals, particularly in the creation of pesticides and herbicides, where its structural properties contribute to improved efficacy and selectivity. The compound's chiral nature also makes it useful in asymmetric synthesis, enabling the production of enantiomerically pure compounds for research and industrial applications.