Primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting inflammation and pain, particularly in the production of nonsteroidal anti-inflammatory drugs (NSAIDs). Additionally, it is employed in organic synthesis for creating complex molecules with potential therapeutic applications. Its trifluoromethoxy group enhances the metabolic stability and bioavailability of the resulting compounds, making it valuable in medicinal chemistry.