Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of active ingredients. It is particularly valuable in the creation of compounds with trifluoromethyl groups, which enhance biological activity and stability. In material science, it is employed to modify polymers, improving their thermal and chemical resistance. Additionally, it plays a role in the development of specialty coatings and adhesives, where its reactivity with amines and alcohols is utilized to form durable bonds. Its applications also extend to research and development, where it is used to study reaction mechanisms and develop new chemical entities.