Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and antimicrobial agents. Its trifluoromethyl group enhances metabolic stability and lipophilicity, making it valuable in drug design. Also employed in agrochemicals to improve the efficacy of pesticides and herbicides due to its electron-withdrawing properties and resistance to degradation. Additionally, it serves as a building block in materials science for creating high-performance organic electronic materials and fluorescent probes.