This chemical is primarily used in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of more complex molecules. Its trifluoromethyl group enhances the biological activity and stability of the compounds it helps create, making it valuable in the development of drugs and pesticides. Additionally, it is utilized in organic synthesis for constructing biphenyl structures, which are often found in materials with advanced electronic or optical properties. Its applications also extend to research and development, where it serves as a building block for novel chemical entities.