Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and fungicides due to the presence of trifluoromethyl and methoxy groups that enhance bioactivity. Also employed in the preparation of liquid crystals and organic semiconductors, where its aromatic structure and electron-withdrawing trifluoromethyl group contribute to desired electronic properties. Commonly utilized in fragrance and flavor synthesis, providing unique floral or fruity notes in perfumery. Serves as a building block in cross-coupling reactions and other transformations in medicinal chemistry research.