Used primarily in the pharmaceutical and agricultural industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized to develop molecules with potential therapeutic effects, particularly in the creation of drugs targeting specific enzymes or receptors. In agriculture, it plays a role in the formulation of pesticides or herbicides, contributing to the control of pests and weeds. Its trifluoromethyl group enhances the stability and bioavailability of the resulting compounds, making it valuable in research and development for innovative solutions in both fields.