Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antibacterial agents. Its structure supports the creation of active ingredients in crop protection chemicals, making it valuable in agrochemical formulations. The compound’s trifluoromethyl and hydroxyl functional groups enhance binding affinity and metabolic stability in drug design, improving efficacy. Also employed in the preparation of specialty ligands for catalysis and in the manufacture of fluorinated organic materials where thermal and chemical resistance are required.