This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a benzyl group and a trifluoromethyl group, makes it valuable for designing molecules with enhanced biological activity and metabolic stability. It is often employed in the development of drugs targeting neurological disorders, such as antidepressants and antipsychotics, due to its ability to interact with specific receptors in the brain. Additionally, its carboxylic acid group allows for further functionalization, enabling the creation of derivatives with tailored properties for therapeutic applications. Researchers also explore its use in developing enzyme inhibitors, particularly for enzymes involved in inflammatory pathways, making it a versatile building block in drug discovery.