This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its unique structural properties. It serves as a key intermediate in the development of compounds that exhibit biological activity, particularly in the creation of molecules targeting specific enzymes or receptors. Its trifluoromethyl group enhances the stability and bioavailability of the final products, making it valuable in drug discovery and crop protection research. Additionally, it is employed in organic synthesis to construct complex cyclopropane-containing structures, which are often sought after in medicinal chemistry for their potential therapeutic effects.