Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of kinase inhibitors for cancer treatment. Its structure allows for selective functionalization, making it valuable in creating active pharmaceutical ingredients (APIs) with high potency. Also employed in agrochemical research for designing novel pesticides due to the electron-withdrawing properties of the trifluoromethyl group, which enhance metabolic stability and bioavailability. Commonly utilized in cross-coupling reactions such as Suzuki and Buchwald-Hartwig aminations to build complex heterocyclic systems in drug discovery.