Used primarily as a reagent in organic synthesis, it facilitates the introduction of trifluoroethyl groups into molecules, enhancing their chemical properties. It is particularly valuable in the preparation of pharmaceuticals, where it helps in modifying drug molecules to improve their stability and bioavailability. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of more effective pesticides and herbicides. Its role in creating specialty chemicals for advanced materials, such as polymers and coatings, is also noteworthy, as it imparts unique characteristics like increased resistance to harsh environmental conditions.