Used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl groups enhance the biological activity of the final compounds, making it valuable in drug discovery. It is also employed in the development of advanced materials, such as liquid crystals and polymers, due to its ability to introduce fluorine atoms, which can improve thermal stability and chemical resistance. Additionally, it serves as a building block in the synthesis of ligands for catalysis, aiding in the creation of more efficient and selective chemical reactions.