Primarily used in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl and methoxy groups enhance the biological activity of target molecules, making it valuable in the development of drugs with improved efficacy and selectivity. Additionally, it is utilized in the creation of advanced materials, where its unique structure contributes to the desired properties of the final product. Its application in research and development also extends to the study of novel chemical reactions and mechanisms.