Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system active compounds. Its structure allows for efficient transformation into chiral building blocks important in drug development. Commonly employed in organic synthesis to introduce trifluoromethyl-containing motifs, which can enhance metabolic stability and bioavailability in final drug products. Also utilized in the preparation of agrochemicals and specialty fluorinated compounds where improved lipophilicity and electron-withdrawing properties are desired.