This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its versatile structure. It serves as a key intermediate in the development of active pharmaceutical ingredients (APIs), particularly in the creation of compounds with potential anti-inflammatory, antiviral, or anticancer properties. Its trifluoromethyl group enhances the biological activity and stability of the final products. In agrochemicals, it is employed in the production of herbicides and pesticides, where the pyrazole ring contributes to the efficacy of these agents. Additionally, its use in organic synthesis allows for the creation of complex molecules with specific functional properties, making it valuable in research and industrial applications.