This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its trifluoromethyl group and biphenyl structure make it valuable for developing drugs with enhanced metabolic stability and bioavailability. It is often employed in the creation of anti-inflammatory, antiviral, and anticancer agents. Additionally, its carboxylic acid functionality allows for further chemical modifications, enabling the development of diverse therapeutic compounds. Its role in medicinal chemistry is significant due to its ability to improve drug efficacy and target specificity.