This chemical is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. Its ethynyl group allows for participation in various coupling reactions, such as Sonogashira coupling, which is widely used in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The trifluoromethoxy group enhances the compound's stability and can impart unique electronic properties to the resulting products, making it valuable in the design of bioactive compounds. Additionally, it finds applications in the production of liquid crystals and polymers, where its structural features contribute to desired material properties like thermal stability and optical performance.