Used as a key intermediate in the synthesis of advanced organic materials, particularly in the development of fluorinated pharmaceuticals and agrochemicals. Its unique structure with trifluoromethyl and hydroxyenone groups enables strong hydrogen bonding and electron-withdrawing properties, making it valuable in coordination chemistry for designing metal-organic frameworks (MOFs). Also employed in the preparation of specialty polymers with enhanced thermal and chemical resistance due to the stability imparted by the trifluoromethyl groups. Its conjugated system allows application in optoelectronic materials research, where it serves as a building block for fluorescent probes or sensors.