Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to its reactive β-diketone structure and the presence of a chlorine and trifluoromethyl group. The compound is particularly valuable in the preparation of bioactive molecules where the trifluoromethyl moiety enhances metabolic stability and lipophilicity. It serves in condensation and cyclization reactions to form heterocyclic compounds such as pyrazoles and isoxazoles, which are common scaffolds in drug development. Its electrophilic character makes it suitable for use in Friedel-Crafts acylation and other carbon-carbon bond-forming reactions in fine chemical manufacturing.