Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the biological activity of the final products, making it valuable in the development of active ingredients for drugs and pesticides. Additionally, it is utilized in research for the creation of novel compounds with potential therapeutic properties, particularly in the fields of oncology and anti-inflammatory treatments. Its methoxy group also contributes to its reactivity, enabling diverse chemical transformations in synthetic pathways.