Used as a key building block in pharmaceutical synthesis, particularly in the development of active pharmaceutical ingredients (APIs) with enhanced metabolic stability and bioavailability due to the electron-withdrawing trifluoromethyl groups. Its structure is valuable in the design of drugs targeting central nervous system disorders and inflammatory conditions. Also employed in agrochemicals to improve the potency and environmental stability of pesticides and herbicides. Additionally, it serves as a ligand or intermediate in catalysis and coordination chemistry, especially in palladium-catalyzed cross-coupling reactions.