Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in complex organic molecules. This compound is also employed in the production of agrochemicals, contributing to the creation of herbicides and pesticides with enhanced efficacy. Additionally, it finds application in material science for the development of advanced polymers and coatings with improved chemical resistance and durability. Its trifluoromethoxy group enhances the stability and reactivity of the resulting compounds, making it valuable in various industrial and research applications.