This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of trifluoromethyl-substituted aromatic hydrazines, which are essential in the development of pharmaceuticals and agrochemicals. The trifluoromethyl group enhances the biological activity and stability of the resulting compounds, making it a crucial component in drug discovery and development. Additionally, it is employed in the production of dyes and pigments, where the trifluoromethyl group imparts unique properties to the final product. Its role in creating specialized chemical structures makes it a versatile reagent in research and industrial applications.