This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its trifluoromethoxy group enhances the biological activity of the molecules it is incorporated into, making it valuable in the development of drugs targeting neurological disorders and inflammatory conditions. Additionally, its nitrile group allows for further chemical modifications, enabling the creation of diverse derivatives with potential applications in medicinal chemistry. The compound is also explored in material science for the development of advanced polymers and coatings due to its unique structural properties.