This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure, featuring a trifluoromethyl group, makes it valuable in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Additionally, it is employed in the production of chiral compounds, where its stereochemistry is crucial for achieving desired biological activity. The compound also finds applications in agrochemical research, particularly in the development of herbicides and pesticides, due to its ability to enhance the efficacy and selectivity of these products. Its role in medicinal chemistry is significant, as it contributes to the creation of molecules with improved pharmacokinetic properties and reduced side effects.