This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique trifluoromethyl group, which enhances biological activity and metabolic stability. It serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs), particularly those targeting central nervous system disorders, due to its ability to interact with specific receptors. Additionally, it is employed in the development of herbicides and pesticides, where its structural properties contribute to improved efficacy and selectivity. Its application in material science is also notable, as it is used in the creation of advanced polymers and coatings with enhanced durability and resistance to environmental factors.