Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of reactive chloropropyl and trifluoromethyl groups. The compound serves in the preparation of bioactive molecules where the trifluoromethyl moiety enhances metabolic stability and lipophilicity. It is also employed in the development of specialty chemicals, including functionalized polymers and ligands for catalysis. Its reactivity allows for further functionalization through nucleophilic substitution or coupling reactions, making it valuable in medicinal chemistry research and the design of fluorinated organic compounds.