Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a crucial role in the development of active ingredients for various medications and crop protection products. Its trifluoromethyl group enhances the biological activity and stability of the final compounds, making it valuable in drug discovery and agricultural research. Additionally, it is employed in the production of dyes and pigments, contributing to the vibrant colors in textiles and industrial materials. Its unique structure also makes it a key component in the creation of specialty chemicals used in advanced material science applications.