Used primarily as an intermediate in organic synthesis, this compound is valuable in the pharmaceutical and agrochemical industries. It plays a key role in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce trifluoromethyl groups, which enhance the metabolic stability and bioavailability of drugs. Additionally, it is utilized in the synthesis of complex molecules for research and development, particularly in the creation of fluorinated compounds that exhibit unique chemical properties. Its halogenated structure also makes it suitable for cross-coupling reactions, such as Suzuki and Sonogashira couplings, which are essential in constructing carbon-carbon bonds in advanced organic materials.