Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs with trifluoromethyl groups, which enhance metabolic stability and bioavailability. It is also employed in agrochemical research to create compounds with improved pest control properties. Additionally, it serves as a building block in organic chemistry for the preparation of more complex molecules, especially in the field of fluorine chemistry, where its trifluoromethyl group imparts unique chemical properties.