Used primarily in the pharmaceutical and chemical industries as a versatile intermediate. It plays a key role in the synthesis of various fluorinated compounds, which are valuable in drug development due to their enhanced stability and bioavailability. Additionally, it is employed in the production of specialty chemicals, including solvents and reagents, where its unique trifluoromethyl group imparts desirable properties such as increased lipophilicity and resistance to metabolic degradation. In material science, it serves as a building block for creating advanced polymers and coatings with improved performance characteristics like durability and chemical resistance.