Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in developing drugs with improved efficacy and stability. Additionally, it is employed in organic synthesis to introduce sulfur-containing functional groups, which are crucial in creating compounds with specific chemical properties. The compound's unique structure also makes it useful in the production of specialty chemicals and materials, where its properties can be leveraged to achieve desired performance characteristics.