Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of fluorinated compounds where the trifluoromethyl group enhances metabolic stability and bioavailability. Its nitrophenyl moiety allows for further functionalization, making it valuable in the development of active ingredients in crop protection agents and certain anti-inflammatory or antimicrobial drugs. Also employed in chiral synthesis due to the presence of a stereogenic center, enabling the preparation of enantiomerically pure compounds.