Used as a key intermediate in the synthesis of fluorinated pharmaceuticals, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its trifluoromethyl group enhances metabolic stability and bioavailability, making it valuable in medicinal chemistry. Also employed in the preparation of agrochemicals due to its ability to improve lipophilicity and resistance to degradation. Commonly utilized in research settings for building blocks in asymmetric synthesis and chiral drug design.