Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of active ingredients for drugs targeting inflammation, central nervous system disorders, and cardiovascular diseases. Additionally, its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it a preferred choice in medicinal chemistry. In agrochemicals, it contributes to the synthesis of herbicides and pesticides, improving their efficacy and environmental safety. Its reactivity with amines and alcohols also makes it useful in creating specialized polymers and coatings with unique properties.