This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds, particularly those targeting enzyme inhibition or receptor modulation. Its trifluoromethylphenyl group enhances the molecule's stability and binding affinity, making it valuable in designing drugs for conditions like inflammation, cancer, and metabolic disorders. Additionally, it is explored in agrochemical research for developing novel pesticides or herbicides due to its potential to disrupt specific biological pathways in pests or weeds. Its versatility and structural features make it a significant building block in medicinal and agricultural chemistry.