Used primarily in organic synthesis, this compound serves as a versatile building block for creating more complex molecules. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its ability to introduce trifluoromethyl groups, which can enhance the biological activity and metabolic stability of drugs. Additionally, it finds application in agrochemical research for the synthesis of pesticides and herbicides, where the trifluoromethyl group can improve efficacy and environmental persistence. In material science, it is utilized in the production of specialty chemicals and polymers, contributing to the development of advanced materials with unique properties. Its reactivity also makes it a useful reagent in academic and industrial laboratories for exploring new chemical reactions and pathways.