This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly those targeting inflammatory and pain-related conditions. Its structure allows it to act as a key intermediate in the production of nonsteroidal anti-inflammatory drugs (NSAIDs), which are widely used to reduce pain, inflammation, and fever. Additionally, it finds application in the development of agrochemicals, where it contributes to the creation of herbicides and pesticides, enhancing crop protection and yield. Its trifluoromethyl group is particularly valuable in medicinal chemistry due to its ability to improve the metabolic stability and bioavailability of drug molecules.