Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated compounds with enhanced metabolic stability and bioavailability. Its structure supports cross-coupling reactions, making it valuable in constructing complex organic molecules via palladium-catalyzed processes like Suzuki or Heck reactions. Also employed in the preparation of bioactive molecules where the trifluoromethyl group contributes to improved lipophilicity and resistance to oxidative degradation.