This chemical is primarily utilized in organic synthesis as a versatile building block for the introduction of trifluoromethyl groups into target molecules. Its stability and reactivity make it valuable in the development of pharmaceuticals, agrochemicals, and specialty chemicals. It is often employed in the synthesis of fluorinated compounds, which are of interest due to their enhanced biological activity, metabolic stability, and unique physicochemical properties. Additionally, it serves as an intermediate in the production of complex organic molecules, particularly in the creation of fluorinated aldehydes and ketones, which are crucial in drug discovery and material science.