Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of fluorinated compounds with enhanced metabolic stability and bioavailability. Its structure allows for the introduction of trifluoromethyl groups, which can improve lipophilicity and resistance to oxidative degradation in active molecules. Commonly employed in the development of specialty fluorinated building blocks for drug discovery and in the preparation of chiral synthons for asymmetric synthesis. Also finds use in the manufacture of certain high-performance polymers and functional materials where fluorine content contributes to thermal and chemical resistance.