Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with enhanced metabolic stability due to the presence of the trifluoromethyl group. Its aromatic structure and functional hydroxyl group make it suitable for coupling reactions in organic synthesis, especially in the preparation of liquid crystals and functional polymers. Also employed in the design of fluorinated analogs in medicinal chemistry to improve lipophilicity and binding affinity.