Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for antihypertensive and anti-inflammatory drugs. Its structure allows for selective functionalization, making it valuable in constructing complex organic molecules. Also employed in agrochemical manufacturing for developing herbicides and fungicides due to the stability imparted by the trifluoromethyl group. The presence of both chlorine and hydroxyl groups enables diverse reaction pathways, supporting its role in fine chemical synthesis for specialty applications.