Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of compounds with trifluoromethyl groups, which enhance drug stability and bioavailability. It is also employed in the development of agrochemicals, where the trifluoromethyl group improves the efficacy of pesticides and herbicides. In material science, it serves as a building block for creating specialty polymers and coatings with unique properties like chemical resistance and durability. Additionally, it is utilized in organic synthesis for introducing the trifluoromethylbenzoyl moiety into complex molecules, enabling the creation of novel compounds for research and industrial applications.