Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Also employed in agrochemical research to design new pesticides and herbicides due to the stability and electronic properties provided by the trifluoromethyl group. Commonly utilized in fragment-based drug discovery due to its favorable binding characteristics and solubility profile.