Used primarily in organic synthesis, this compound 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 and stability of the resulting drug molecules, making it valuable in medicinal chemistry. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of more effective and selective pesticides. The compound’s unique structure also makes it useful in material science, particularly in the synthesis of advanced organic materials with specific optical or electronic properties.