This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its trifluoromethyl groups enhance the electron-withdrawing properties, making it valuable in the development of pharmaceuticals and agrochemicals. The compound is often employed in the synthesis of active pharmaceutical ingredients (APIs) that require specific electronic characteristics for efficacy. Additionally, it finds use in materials science, particularly in the creation of advanced polymers and coatings that benefit from its unique chemical structure. Its role in catalysis and as a building block for specialty chemicals further underscores its importance in industrial chemistry.