Used primarily as an intermediate in organic synthesis, this compound plays a crucial role in the production of various pharmaceuticals and agrochemicals. Its unique structure allows for the introduction of both nitro and trifluoromethyl groups into more complex molecules, enhancing their biological activity and stability. Additionally, it is employed in the development of dyes and pigments, where its properties contribute to the colorfastness and durability of the final products. The compound's reactivity also makes it valuable in research settings for studying reaction mechanisms and developing new synthetic methodologies.