Used as a solvent in various chemical reactions, particularly in organic synthesis where its unique properties facilitate specific transformations. It is also employed in the production of specialty chemicals and pharmaceuticals, where its trifluoroethyl group can enhance the stability or reactivity of intermediates. Additionally, it finds application in the formulation of coatings and adhesives, contributing to improved performance characteristics. Its role as a fluorinated compound makes it valuable in industries requiring materials with high chemical resistance and thermal stability.