This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its unique structure, which allows for the introduction of trifluoromethyl groups into target molecules. The trifluoromethyl group is known to enhance the biological activity and metabolic stability of compounds, making it valuable in drug development. It serves as a key intermediate in the production of active pharmaceutical ingredients (APIs) for various therapeutic areas, including anti-inflammatory, antiviral, and anticancer agents. Additionally, it is utilized in the creation of crop protection products, where its incorporation can improve the efficacy and durability of pesticides and herbicides. Its versatility in organic synthesis also makes it a valuable building block for research and development in medicinal chemistry.