Used primarily in organic synthesis as a building block for more complex molecules, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of compounds with trifluoromethyl groups, which are often incorporated to enhance metabolic stability and bioavailability. Additionally, it is employed in peptide chemistry for the modification of amino acids, enabling the creation of specialized peptides with unique properties. Its trifluoroacetyl group acts as a protective group during chemical reactions, ensuring selective transformations in multi-step synthetic processes.