Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. It is also employed in agrochemical research for creating novel pesticides and herbicides due to its unique structural properties. Additionally, it serves as a building block in organic chemistry for constructing complex molecules with trifluoromethyl groups, which are often critical in drug design for enhancing metabolic stability and bioavailability.