This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting specific enzymes or receptors. Its trifluoromethyl group enhances the stability and binding affinity of the resulting compounds, making it valuable in drug discovery. Additionally, it is used in the preparation of agrochemicals, where it contributes to the development of herbicides and pesticides with improved efficacy. Its versatile structure also allows for applications in material science, particularly in the creation of advanced polymers and coatings with unique properties.