Used primarily in organic synthesis as a building block for more complex molecules. It is particularly valuable in the introduction of trifluoromethyl groups into target compounds, which is crucial in the development of pharmaceuticals and agrochemicals due to the enhanced stability and bioavailability that trifluoromethyl groups confer. Additionally, it serves as a reagent in fluorination reactions, enabling the creation of fluorinated organic compounds that are often more resistant to metabolic degradation. This chemical is also employed in the research and development of materials with specific electronic properties, such as liquid crystals and polymers, where the introduction of fluorine atoms can significantly alter the material's characteristics.