Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of compounds with activity as antidepressants, antipsychotics, and analgesics. The presence of both hydroxyl and trifluoromethyl groups allows for selective modifications, enhancing drug potency and metabolic stability. Commonly employed in medicinal chemistry for building blocks in nitrogen-containing heterocycles. Also utilized in the design of receptor ligands due to its favorable conformational and electronic properties.