Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anxiolytic and sedative agents. Its structure supports binding to benzodiazepine receptors, making it valuable in central nervous system drug design. Also employed in agrochemicals for enhancing metabolic stability in crop protection agents. The trifluoromethyl group improves lipophilicity and bioavailability, which enhances cell membrane penetration in biologically active compounds.