This compound is widely used as a chiral building block in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting compounds, making it valuable in drug development. It serves as a key intermediate in the synthesis of various bioactive molecules, including antiviral and antifungal agents. Additionally, it is employed in asymmetric catalysis to induce chirality in target molecules, enabling the production of enantiomerically pure compounds. Its application extends to agrochemicals, where it contributes to the development of more effective and selective pesticides.