This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique structural properties. In pharmaceuticals, it serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors involved in disease pathways. Its trifluoromethyl group enhances the compound's metabolic stability and binding affinity, making it valuable in drug development.

In agrochemicals, it is employed in the creation of pesticides and herbicides. The compound's ability to disrupt specific biological processes in pests or weeds contributes to its effectiveness in crop protection. Its chemical structure allows for targeted action, minimizing harm to non-target organisms and the environment. Overall, this compound plays a significant role in advancing both medicinal and agricultural sciences.