This compound is commonly used in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting central nervous system disorders, such as anxiety and depression, due to its structural properties that enhance binding affinity to specific receptors. Additionally, it is utilized in the creation of agrochemicals, where it contributes to the formulation of pesticides and herbicides with improved efficacy and selectivity. Its trifluoromethyl group enhances the stability and bioavailability of the final products, making it valuable in both medicinal and agricultural chemistry.