This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure, featuring a trifluoromethyl group and a dioxo moiety, makes it a valuable intermediate for constructing more complex molecules. It is often employed in the synthesis of heterocyclic compounds, which are crucial in drug discovery for their biological activity. Additionally, its reactivity allows for the creation of derivatives that can be tested for potential therapeutic applications, such as anti-inflammatory or antimicrobial agents. In agrochemical research, it serves as a building block for designing novel pesticides or herbicides, leveraging its unique chemical properties to enhance efficacy and selectivity.