This chemical is primarily used as a reagent in organic synthesis, particularly in the introduction of trifluoroethyl groups into various compounds. It is valuable in the production of pharmaceuticals, agrochemicals, and specialty chemicals, where the trifluoroethyl moiety can enhance the biological activity or stability of the final product. Additionally, it serves as a solvent or intermediate in the manufacture of fluorinated polymers and materials, which are known for their resistance to heat, chemicals, and weathering. Its application is also seen in the development of advanced materials for electronics and coatings, where its unique properties contribute to improved performance and durability.