Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fungicides and insecticides. Its structure supports the creation of biologically active molecules due to the presence of both trifluoromethyl and hydroxyl groups, which enhance metabolic stability and binding affinity. Commonly employed in the manufacture of pyrazole-based compounds with potent biological activity. Also utilized in research for developing new medicinal agents targeting inflammation and central nervous system disorders.