This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its unique structure, which allows for effective incorporation into complex molecules. It serves as a key intermediate in the development of active ingredients for drugs targeting various diseases, including bacterial infections and inflammatory conditions. Additionally, its trifluoromethyl group enhances the biological activity of the resulting compounds, making it valuable in the creation of herbicides and pesticides. Researchers also employ it in organic synthesis to explore novel chemical reactions and pathways, contributing to advancements in medicinal chemistry and material science.