Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory and analgesic properties. It serves as a building block in the preparation of trifluoromethyl-substituted aromatic compounds, which are valued for their metabolic stability and enhanced bioavailability. Also employed in the production of agrochemicals, including herbicides and fungicides, due to its ability to improve lipophilicity and environmental persistence. Its aldehyde functional group allows for easy derivatization, making it useful in the formation of imines, oximes, and other condensation products in fine chemical manufacturing.