Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients for drugs and pesticides. Its structure allows for the introduction of functional groups, making it valuable in organic synthesis. It is also employed in the production of specialty chemicals and materials, such as liquid crystals and polymers, due to its trifluoromethyl group, which enhances stability and reactivity. Additionally, it finds application in research and development for creating novel compounds with potential biological activity.