Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, it plays a crucial role in the production of various active ingredients. Its trifluoromethyl group enhances the biological activity of compounds, making it valuable in drug development. Additionally, it is utilized in the manufacture of dyes, pigments, and specialty chemicals. In industrial applications, it serves as a solvent or reagent in organic synthesis due to its stability and reactivity. Its unique properties also make it suitable for use in the production of liquid crystals and electronic materials.