This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a benzylamino group and trifluoromethyl alcohol, makes it valuable for introducing specific functional groups into more complex molecules. It is often employed in the development of bioactive compounds, particularly those targeting enzyme inhibition or receptor modulation. Additionally, its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting molecules, making it a key component in drug discovery and development processes.