This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a trifluoromethyl group and an aromatic ring, makes it valuable for developing compounds with potential biological activity. It is often employed in the creation of molecules targeting central nervous system disorders, including antidepressants and anxiolytics. Additionally, its unique chemical properties allow it to be used in the preparation of ligands for receptor studies, aiding in the understanding of biochemical pathways and drug-receptor interactions.