This compound is primarily utilized in the synthesis of various pharmaceuticals and organic compounds due to its trifluoromethyl group, which enhances the biological activity and stability of the resulting molecules. It serves as a key intermediate in the production of agrochemicals, particularly herbicides and pesticides, where the trifluoromethyl group contributes to improved efficacy and selectivity. Additionally, it is employed in the development of specialty chemicals and materials, including liquid crystals and polymers, where its unique structural properties can impart desirable characteristics such as thermal stability and chemical resistance. In research, it is often used as a building block in organic synthesis to create complex molecules for drug discovery and development.