This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and inflammatory disorders. Its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting compounds, making it valuable in drug design. Additionally, it is employed in the preparation of indole derivatives, which are known for their potential therapeutic applications in treating conditions like cancer and microbial infections. Its role in organic synthesis also extends to the creation of novel heterocyclic compounds for further exploration in medicinal chemistry.