This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its unique structure, which allows for the introduction of trifluoromethyl and nitro groups into complex molecules. It serves as a key intermediate in the development of compounds with potential biological activity, particularly in the creation of drugs targeting specific enzymes or receptors. Additionally, its nitro group can be reduced to form amines, further expanding its utility in medicinal chemistry. The compound is also employed in research and development for designing novel materials or catalysts, leveraging its reactivity and stability in various chemical reactions.