Used as a key intermediate in the synthesis of agrochemicals, particularly herbicides and insecticides, due to its ability to enhance selectivity and bioactivity. Its trifluoromethyl group contributes to improved metabolic stability and lipophilicity, making it valuable in the development of crop protection agents. Also employed in medicinal chemistry for designing active pharmaceutical ingredients, especially in compounds targeting enzyme inhibition. The structure supports derivatization for use in ligands and catalysts in asymmetric synthesis.