Used as a key reagent in organic synthesis, particularly in the introduction of trifluoromethyl groups into aromatic compounds. It is valuable in the production of pharmaceuticals and agrochemicals, where the trifluoromethyl group enhances biological activity and metabolic stability. Additionally, it serves as a versatile intermediate in the development of advanced materials, including liquid crystals and polymers, due to its ability to modify electronic properties. Its application extends to the synthesis of specialty chemicals used in electronics and coatings, where precise functionalization is required.