Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of compounds with anti-inflammatory, antiviral, and anticancer properties. It is also employed in the production of specialty polymers and resins, enhancing their chemical resistance and thermal stability. In agrochemicals, it serves as a building block for creating advanced pesticides and herbicides. Additionally, it finds applications in organic synthesis for introducing trifluoromethyl groups into target molecules, which can improve their biological activity and metabolic stability.