This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those involving the incorporation of trifluoromethyl groups. It serves as a key intermediate in the development of drugs that target specific enzymes or receptors, enhancing their efficacy and stability. Additionally, it is employed in the production of agrochemicals, contributing to the creation of more effective pesticides and herbicides. Its unique structure also makes it valuable in organic synthesis for constructing complex molecules in research and industrial applications.