This compound is primarily utilized in the field of organic synthesis, particularly as a key intermediate in the development of more complex molecules. It is often employed in the synthesis of pharmaceuticals, where its indole core structure is valuable for creating biologically active compounds. The trifluoromethyl group enhances the molecule's stability and bioavailability, making it useful in drug discovery and development processes. Additionally, it serves as a building block in the production of agrochemicals, contributing to the creation of pesticides and herbicides with improved efficacy. Its unique structure also finds applications in material science, aiding in the design of advanced materials with specific electronic or optical properties.