This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its trifluoromethyl group enhances the biological activity of the final compounds, making it valuable in the development of drugs with improved efficacy and selectivity. Additionally, it is employed in the synthesis of complex molecules for research purposes, particularly in the study of enzyme inhibitors and receptor modulators. Its methoxyphenyl moiety also contributes to its utility in creating compounds with specific binding properties, which are essential in drug discovery and development.