This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring a trifluoromethyl group attached to a phenyl ring, makes it valuable in the development of pharmaceuticals, particularly in the design of drugs that require enhanced metabolic stability and bioavailability. Additionally, it is employed in the creation of agrochemicals, where the trifluoromethyl group can improve the efficacy and selectivity of pesticides or herbicides. Researchers also explore its potential in material science, particularly in the synthesis of advanced polymers and coatings that benefit from the unique properties imparted by the trifluoromethyl group.