This compound is primarily used in organic synthesis as a building block for the preparation of various pharmaceuticals and agrochemicals. It serves as a key intermediate in the development of compounds with potential biological activity, particularly in the creation of molecules that target specific enzymes or receptors. Its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it valuable in drug discovery and development. Additionally, it is utilized in the synthesis of dyes and other specialty chemicals, where its unique structure contributes to the desired properties of the final product.