Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anti-inflammatory agents. Its structure allows for effective binding in biologically active molecules, enhancing metabolic stability due to the trifluoromethyl group. Also employed in agrochemicals to improve the efficacy of crop protection products. The compound's aromatic and carboxylic features make it suitable for coupling reactions in medicinal chemistry, facilitating the creation of more complex drug candidates.