Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structural features make it valuable in developing drugs with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is employed in the creation of advanced materials and organic electronic components due to its unique electronic properties. In agrochemical research, it is explored for its potential in designing novel pesticides and herbicides. Its trifluoromethyl group enhances stability and bioavailability, making it a versatile building block in medicinal chemistry.