This chemical is primarily utilized in organic synthesis as a versatile building block for the development of various pharmaceutical compounds. Its trifluoromethylthio group enhances the biological activity and metabolic stability of the molecules it is incorporated into, making it valuable in drug discovery. It is often employed in the preparation of agrochemicals, where its unique structure contributes to the efficacy of pesticides and herbicides. Additionally, it serves as a key intermediate in the synthesis of specialty chemicals, particularly those requiring fluorinated components for improved performance in industrial applications.