Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in the development of drugs targeting various diseases, including cancer and infections. Additionally, it is employed in the creation of herbicides and pesticides, where its structural properties contribute to improved efficacy and stability. The compound is also utilized in research for designing novel materials with specific electronic or optical properties, particularly in the field of organic electronics.