Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in developing drugs with improved efficacy and stability. Additionally, it is employed in organic synthesis for creating complex molecules, particularly in the field of medicinal chemistry. Its unique structure allows for the introduction of fluorine atoms, which can significantly alter the pharmacokinetic properties of the target compounds.