This chemical is primarily used as a versatile reagent in organic synthesis, particularly in the introduction of trifluoroethyl groups into various molecules. It is highly valued in the pharmaceutical industry for modifying compounds to enhance their biological activity, stability, or bioavailability. Additionally, it serves as a key intermediate in the production of specialty chemicals, including fluorinated polymers and surfactants, which are essential in industries like coatings, electronics, and firefighting foams. Its strong electrophilic nature makes it useful in creating complex fluorinated structures, which are often critical in advanced material science and agrochemical research.