Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antiviral agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building bioactive molecules. Also employed in agrochemicals to enhance the stability and efficacy of crop protection agents. The trifluoromethyl group contributes to increased lipophilicity and metabolic stability, which improves the pharmacokinetic properties of final active compounds. Additionally, it serves as a ligand or building block in catalysis and coordination chemistry for designing novel metal complexes.