This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique structural properties. In pharmaceuticals, it serves as a key intermediate in the synthesis of more complex molecules, particularly those targeting central nervous system disorders. Its cyclopropane ring and trifluorophenyl group contribute to its biological activity, making it valuable in drug development.

In agrochemicals, it is employed in the creation of pesticides and herbicides. The trifluorophenyl moiety enhances the compound's ability to interact with biological targets in pests, improving efficacy. Its stability and reactivity also make it a suitable candidate for further chemical modifications to develop new active ingredients for crop protection. Overall, its applications are driven by its structural features, which enable diverse functional uses in both medicinal and agricultural chemistry.