Used in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of drugs targeting central nervous system disorders, including antidepressants and antipsychotics. Additionally, it is utilized in the creation of agrochemicals, particularly in the formulation of pesticides and herbicides, due to its ability to enhance the efficacy and stability of these products. Its trifluoromethyl group contributes to improved metabolic stability and bioavailability in drug molecules, making it valuable in medicinal chemistry.