Widely used as a β-diketone ligand in coordination chemistry, particularly for forming stable chelate complexes with metal ions. Its electron-withdrawing trifluoromethyl group enhances the acidity of the active methylene, making it highly effective in synthesizing metal-organic frameworks and luminescent complexes. Commonly employed in the preparation of europium and terbium complexes for use in organic light-emitting diodes (OLEDs) and fluorescent sensors. Also serves as a building block in pharmaceutical and agrochemical synthesis due to its reactivity in condensation and cyclization reactions. Its stability and solubility in organic solvents make it suitable for solution-based processing in material science applications.