This chemical is primarily utilized in the synthesis of pharmaceutical compounds and agrochemicals. It serves as a key intermediate in the production of active ingredients that exhibit biological activity, particularly in the development of drugs targeting specific enzymes or receptors. Its trifluoromethyl group enhances the stability and bioavailability of the final compounds, making it valuable in medicinal chemistry. Additionally, it is employed in the creation of advanced materials, such as liquid crystals, due to its unique structural properties. Its role in organic synthesis is also notable, where it acts as a building block for complex molecules in research and industrial applications.