This compound is primarily utilized in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). Its structure, featuring a pyrazole ring, makes it a valuable intermediate in the creation of compounds with potential biological activity. It is often explored for its role in modulating enzyme activity or receptor binding, which can be crucial in treating various diseases. Additionally, its trifluoroethyl group enhances its metabolic stability, making it a candidate for drug discovery projects focused on improving pharmacokinetic properties. Researchers also investigate its potential use in agrochemicals, where it may contribute to the development of new pesticides or herbicides due to its unique chemical properties.