Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds where enhanced metabolic stability and bioavailability are desired. Its structure supports the introduction of a trifluoromethyl group into more complex molecules, which can improve lipophilicity and resistance to oxidative degradation. Commonly employed in medicinal chemistry for the preparation of bioactive molecules, including potential antidiabetic and anti-inflammatory agents. Also utilized in the design of specialty organic compounds requiring unique electronic or steric properties due to fluorine substitution.