This chemical is primarily utilized in organic synthesis as a versatile building block for the preparation of more complex molecules. It is particularly valuable in the development of pharmaceutical compounds, where its structure can be modified to create potential drug candidates. The presence of the trifluoromethyl group enhances the lipophilicity and metabolic stability of the resulting compounds, making it useful in medicinal chemistry. Additionally, it serves as an intermediate in the synthesis of agrochemicals, contributing to the development of herbicides or pesticides. Its reactivity allows for further functionalization, enabling researchers to tailor its properties for specific applications in various chemical industries.