Used in organic synthesis as a building block for creating various trifluoromethyl-containing compounds. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs with enhanced metabolic stability and bioavailability. Also employed in the synthesis of agrochemicals, where the trifluoromethyl group imparts desirable properties such as increased potency and resistance to degradation. Additionally, it finds application in material science for the preparation of specialty polymers and coatings that require specific chemical resistance or durability.