Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of active pharmaceutical ingredients (APIs) for drugs targeting central nervous system disorders and anti-inflammatory agents. Its structure allows for the introduction of lipophilic and electron-withdrawing groups, enhancing metabolic stability and bioavailability in final drug compounds. Also employed in agrochemical synthesis for developing herbicides and fungicides due to the stability imparted by the trifluoromethyl group. Commonly utilized in research and development for creating novel analogs in medicinal chemistry.