This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly those targeting neurological and inflammatory conditions. Its structure, featuring a trifluoromethoxy group, enhances the metabolic stability and bioavailability of the resulting compounds. Additionally, it is employed in the creation of advanced materials, such as liquid crystals and organic semiconductors, due to its electronic properties. Its role in agrochemical research is also notable, as it contributes to the synthesis of novel pesticides and herbicides with improved efficacy.