Used primarily in the synthesis of pharmaceuticals and agrochemicals due to its trifluoromethyl group, which enhances the biological activity of compounds. It serves as a key intermediate in the production of active ingredients for drugs targeting various diseases, including cancer and central nervous system disorders. Additionally, it is utilized in the development of advanced materials, such as organic semiconductors and conductive polymers, owing to its electronic properties. Its role in organic synthesis also extends to creating specialized ligands and catalysts for chemical reactions.