Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to its ability to introduce fluorinated aromatic moieties into complex molecules. Its high reactivity makes it suitable for acylation reactions, particularly in the preparation of amides and esters in drug development. Commonly employed in the manufacture of selective serotonin reuptake inhibitors (SSRIs) and other bioactive compounds where fluorine substitution enhances metabolic stability and binding affinity. Also utilized in the production of specialty polymers and liquid crystals, where the trifluoromethyl and fluoro groups contribute to thermal and chemical resistance.