Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antiparasitic agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for designing bioactive molecules. Also employed in the preparation of agrochemicals due to its ability to enhance metabolic stability and binding affinity in active compounds. The trifluoromethyl group contributes to improved lipophilicity and resistance to oxidative degradation, which is beneficial in optimizing drug candidates.