Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs). Its structure allows for the development of compounds with enhanced metabolic stability due to the presence of the trifluoromethyl group. Also employed in the preparation of liquid crystals and functional materials where fluorinated aromatic building blocks are required. The compound's acidity and substitution pattern make it suitable for coupling reactions in organic synthesis.