Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized in the development of drugs targeting specific enzymes or receptors, particularly in the treatment of diseases like cancer or neurological disorders. Its trifluoromethyl group enhances the bioavailability and metabolic stability of the resulting compounds. In agrochemicals, it is employed to create pesticides and herbicides with improved efficacy and selectivity, helping to protect crops from pests and weeds. Additionally, its structural properties make it valuable in organic synthesis for constructing complex molecules with specific functional groups.