Primarily used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a crucial role in the development of herbicides and insecticides. Its structure allows for the introduction of trifluoromethyl groups into target molecules, enhancing their biological activity and stability. Additionally, it is employed in organic synthesis for the preparation of complex aromatic compounds, particularly in the creation of dyes and pigments. Its reactivity with nucleophiles makes it valuable in cross-coupling reactions, facilitating the construction of diverse chemical frameworks.