Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds that exhibit enhanced metabolic stability and bioavailability. Its trifluoromethyl group contributes to increased lipophilicity and electron-withdrawing effects, making it valuable in modifying drug candidates for improved pharmacokinetic properties. Also employed in the preparation of specialty polymers and functional materials where fluorination imparts desirable thermal and chemical resistance. Additionally, it serves as a building block in the creation of novel catalysts and ligands for asymmetric synthesis.