This chemical is primarily utilized in the synthesis of various pharmaceutical compounds due to its unique structural properties. It serves as a key intermediate in the development of agrochemicals, particularly in the creation of pesticides and herbicides, where its trifluoromethyl group enhances biological activity. Additionally, it is employed in organic synthesis for the preparation of complex molecules, including dyes and fragrances, owing to its reactive aldehyde functional group. Its methylthio group also makes it valuable in the production of sulfur-containing compounds used in industrial applications.