This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its unique trifluoromethyl cyclopropane structure, which enhances biological activity and stability. It serves as a key intermediate in the development of compounds with potential therapeutic properties, such as antiviral, antifungal, and anticancer agents. Additionally, its incorporation into agrochemical formulations helps improve the efficacy of pesticides and herbicides. The compound is also explored in material science for creating specialized polymers and coatings with enhanced performance characteristics.