Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound acts as a key intermediate in the production of various active ingredients. It is particularly valuable in the creation of herbicides and fungicides, where its trifluoromethyl group enhances the biological activity and stability of the final products. Additionally, it is employed in the development of specialty polymers and coatings, contributing to improved durability and chemical resistance. Its reactivity with amines and alcohols makes it a versatile building block in organic synthesis, enabling the formation of ureas and urethanes, which are essential in numerous industrial applications.