Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in the development of drugs with improved efficacy and selectivity. Additionally, it is utilized in the creation of advanced materials, such as liquid crystals and polymers, where its unique chemical structure contributes to desirable properties like thermal stability and resistance to degradation. In research, it is employed in the study of reaction mechanisms and the development of novel synthetic pathways.