This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. It is particularly significant in the development of drugs targeting the central nervous system, where its structural properties contribute to the modulation of neurotransmitter activity. Additionally, it finds application in the research and development of compounds with potential therapeutic effects on neurological disorders, such as depression and anxiety. Its trifluoromethoxy group enhances the bioavailability and metabolic stability of the resulting drugs, making it a valuable component in drug design.