This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various heterocyclic compounds. Its trifluoromethyl group and diketone structure make it a valuable intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with potential therapeutic properties. Additionally, it is employed in the creation of agrochemicals, where its unique chemical structure contributes to the development of novel pesticides or herbicides. The compound is also explored in materials science for the design of advanced materials, including organic electronic components and specialty polymers, due to its ability to impart specific electronic or structural properties.