Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various drugs. Its structure, featuring a trifluoromethyl group, enhances the biological activity and metabolic stability of the resulting pharmaceuticals. It is particularly valuable in the development of central nervous system (CNS) drugs, including antidepressants and antipsychotics, due to its ability to interact with neurotransmitter systems. Additionally, it is employed in the creation of agrochemicals, where it contributes to the effectiveness of pesticides and herbicides by improving their binding affinity to target proteins. The compound's unique properties also make it useful in research settings for studying enzyme inhibition and receptor interactions.