Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its trifluoromethylthio group enhances the biological activity and metabolic stability of drug molecules, making it valuable in the development of new medications. Additionally, it finds application in agrochemical research, where it is utilized to create novel pesticides and herbicides with improved efficacy and resistance profiles. The compound's unique structure also makes it a candidate for use in material science, particularly in the design of advanced polymers and coatings with specific chemical and physical properties.