Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. Its trifluoromethyl and carboxylic acid groups make it a valuable building block for designing molecules with enhanced biological activity and stability. In pharmaceuticals, it is utilized in the development of drugs targeting specific enzymes or receptors, particularly in anti-inflammatory and antimicrobial agents. In agrochemicals, it contributes to the creation of herbicides and fungicides, improving crop protection. Its unique structure allows for fine-tuning of chemical properties, making it a versatile component in research and industrial applications.