Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs. Its trifluoromethyl group enhances the biological activity and stability of the resulting molecules, making it valuable in developing treatments for diseases such as malaria and certain cancers. Additionally, it is utilized in the creation of fluorescent dyes and probes for biochemical studies, aiding in the visualization of cellular processes. Its unique structure also finds applications in material science, particularly in the development of advanced organic electronic materials.