This compound is primarily utilized in organic synthesis as a building block for more complex molecules. Its trifluoromethyl group enhances the reactivity and stability of intermediates, making it valuable in the development of pharmaceuticals and agrochemicals. It is often employed in the synthesis of bioactive compounds, particularly those targeting specific enzymes or receptors. Additionally, it serves as a precursor in the creation of liquid crystals and advanced materials, where its unique structural properties contribute to desired electronic or optical characteristics. Its application in medicinal chemistry includes the development of anti-inflammatory and anticancer agents, leveraging its ability to modulate biological pathways effectively.