Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active ingredients for drugs targeting central nervous system disorders. Its structure allows for easy functionalization, making it valuable in creating analogs for medicinal chemistry research. Also employed in agrochemicals for the production of certain herbicides and fungicides due to its stability and reactivity. Commonly utilized in organic synthesis to introduce trifluoromethoxy-containing aromatic moieties, which can enhance the lipophilicity and metabolic stability of target molecules.