Used primarily as an intermediate in organic synthesis, particularly in the preparation of trifluoroacetic acid derivatives through nucleophilic substitution or hydrolysis reactions. It serves as a valuable reagent in the pharmaceutical industry for constructing heterocyclic compounds and active pharmaceutical ingredients (APIs). Its high reactivity toward amines and alcohols makes it suitable for ester and amide bond formation under mild conditions. Additionally, it is employed in agrochemical synthesis for building blocks requiring chlorinated motifs. The compound’s ability to act as a trifluoromethylating agent precursor enhances its utility in fluorine-containing molecule development.