Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides due to its ability to enhance metabolic stability and bioavailability. Its trifluoromethyl group contributes to improved lipophilicity and electron-withdrawing properties, making it valuable in the design of active ingredients with increased efficacy and environmental persistence. Also employed in coordination chemistry as a ligand for transition metal catalysts in cross-coupling reactions.