This compound is primarily utilized in pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological disorders and cancer. Its trifluoromethyl group enhances the metabolic stability and bioavailability of the resulting drugs, making it valuable in medicinal chemistry. Additionally, it is explored in the design of enzyme inhibitors and receptor modulators, contributing to advancements in drug discovery.