Used primarily as a building block in organic synthesis, this compound is valuable in the production of pharmaceuticals and agrochemicals due to its trifluoromethyl group, which enhances biological activity. It is also employed in the creation of ligands for catalysis, particularly in asymmetric synthesis, where it helps in forming complex molecular structures. Additionally, it finds use in material science for modifying surface properties of polymers and coatings, improving their resistance to chemicals and environmental factors.