This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its reactive bromomethyl group, which allows for further functionalization. It serves as a key intermediate in the development of active ingredients for drugs, particularly those targeting central nervous system disorders and infectious diseases. In agrochemicals, it is used to create compounds that act as pesticides or herbicides, providing effective crop protection. Its trifluoromethyl group enhances the stability and bioactivity of the final products, making it a valuable building block in organic synthesis.