This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. In pharmaceuticals, it is often employed in the development of active pharmaceutical ingredients (APIs) that target specific diseases, particularly those requiring compounds with trifluoromethyl groups for enhanced biological activity and metabolic stability. In agrochemicals, it serves as a building block for creating pesticides and herbicides, where the trifluoromethyl group contributes to the efficacy and selectivity of the final product. Its unique structure also makes it valuable in organic synthesis for constructing heterocyclic compounds, which are widely used in medicinal chemistry and material science.