This compound is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. In pharmaceuticals, it plays a crucial role in the development of drugs targeting various diseases, including cancer and infectious diseases, due to its structural properties that can be modified to enhance biological activity. In agrochemicals, it is used to create compounds that protect crops from pests and diseases, improving yield and sustainability. Its trifluoromethyl group is particularly valuable in enhancing the stability and efficacy of the final products.