This compound is primarily utilized in the pharmaceutical and agrochemical industries due to its unique structural properties. In pharmaceuticals, it serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological and metabolic disorders. Its trifluoromethyl and azetidine groups enhance binding affinity and metabolic stability, making it valuable in drug development. In agrochemicals, it is employed in the creation of pesticides and herbicides, where its structural features contribute to effective pest and weed control. Additionally, its potential as a building block in organic synthesis makes it useful for developing novel materials and specialty chemicals.