This compound is primarily utilized in the field of pharmaceutical research and development due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors in medicinal chemistry. Its trifluoromethyl group enhances the metabolic stability and lipophilicity of the resulting compounds, making it valuable in drug design. Additionally, it is employed in the creation of agrochemicals, where its derivatives can act as effective pesticides or herbicides. The compound’s versatility also extends to material science, where it is used in the development of advanced organic materials with potential applications in electronics or coatings.