This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of inhibitors for specific enzymes involved in neurodegenerative diseases. Additionally, it is employed in the development of agrochemicals, where it contributes to the creation of herbicides and pesticides with enhanced efficacy. Its trifluoromethoxy group enhances the biological activity and stability of the final products, making it valuable in both medicinal and agricultural research.