This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. Its unique structure, featuring trifluoromethyl groups and a piperidinyl moiety, makes it valuable in the development of potential drug candidates, particularly those targeting enzyme inhibition or receptor modulation. The trifluoromethyl groups enhance the compound's metabolic stability and lipophilicity, which can improve its pharmacokinetic properties. Additionally, the cyclobutene-1,2-dione core is often explored for its reactivity in forming heterocyclic compounds, which are frequently used in drug discovery. Researchers also investigate its potential application in the design of small-molecule inhibitors for therapeutic areas such as oncology, neurology, and infectious diseases.