This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a trifluoroethanone group, makes it valuable in the development of compounds with potential biological activity. It is often employed in the synthesis of complex molecules, particularly those targeting central nervous system disorders, due to its ability to influence molecular interactions and stability. Additionally, its methoxy groups enhance its reactivity in cross-coupling reactions, making it useful in the creation of advanced materials and fine chemicals.