Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of herbicides and fungicides. Its structure allows for easy functionalization, making it valuable in building complex molecules. Commonly employed in the development of trifluoromethyl-containing compounds, which often exhibit enhanced biological activity, metabolic stability, and lipophilicity. Also utilized in research settings for the preparation of analogs in medicinal chemistry programs targeting central nervous system agents and anti-inflammatory drugs.