This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It is particularly valuable in the synthesis of fluorinated organic molecules, which are often sought after in pharmaceutical research due to their enhanced stability and bioavailability. The presence of both trifluoromethyl and nitro groups makes it a versatile building block for constructing complex molecules with potential biological activity. Additionally, it is employed in the development of advanced materials, such as liquid crystals and organic semiconductors, where its unique electronic properties can be leveraged. Its role in coordination chemistry is also notable, as it can act as a ligand to form metal complexes with specific catalytic or optical properties.