Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of fluorinated active pharmaceutical ingredients (APIs) where the trifluoromethyl group enhances metabolic stability and bioavailability. Its structure is valuable in developing central nervous system agents and anti-inflammatory compounds. Commonly employed in asymmetric synthesis due to the chiral alcohol functionality, enabling the construction of complex molecules with high enantiomeric purity. Also utilized in agrochemicals for developing herbicides and fungicides, leveraging the fluorine atoms to improve lipophilicity and target binding affinity.