This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting molecules, making it valuable in the development of drugs targeting central nervous system disorders, inflammation, and cancer. Additionally, it serves as a building block in organic synthesis for creating complex heterocyclic compounds, which are often explored for their potential therapeutic properties. Its role in research and development is significant, particularly in the design of novel bioactive molecules with improved efficacy and safety profiles.