This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its trifluorophenyl group, which enhances the biological activity and stability of the final products. It serves as a key intermediate in the development of active ingredients for drugs targeting various diseases, including central nervous system disorders and infections. Additionally, its application extends to the production of herbicides and pesticides, where it contributes to the effectiveness and selectivity of these agricultural chemicals. The compound's unique structure also makes it valuable in organic synthesis for creating complex molecules with specific functional properties.