Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. Its trifluoromethyl and hydroxy functional groups enhance binding selectivity and metabolic stability in active compounds. Commonly employed in the production of fluorine-containing nicotinic acid derivatives, which show improved biological activity and environmental persistence. Also utilized in research for designing novel bioactive molecules due to its structural similarity to natural nicotinic acids.