Used primarily in organic synthesis, this chemical serves as a key intermediate in the preparation of various pharmaceuticals and agrochemicals. Its structure allows it to participate in reactions that form complex molecules, particularly in the development of compounds with trifluoromethyl groups, which are valuable in medicinal chemistry due to their ability to enhance drug stability and bioavailability. Additionally, it is employed in the synthesis of fine chemicals and specialty materials, where its unique properties facilitate the creation of high-performance products.