Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors and anti-inflammatory agents. Its structure allows for effective coordination with metal ions, making it valuable in catalysis and material science applications. Commonly employed in organic synthesis to introduce trifluoromethyl and pyridyl functionalities, enhancing metabolic stability and binding affinity in drug candidates. Also utilized in the preparation of fluorescent probes and sensors due to its ability to form stable complexes with certain metal ions.