This compound is primarily utilized in the development of advanced pharmaceutical agents due to its unique trifluoromethoxy and trifluoromethyl groups, which enhance biological activity and metabolic stability. It serves as a key intermediate in synthesizing small molecule drugs targeting inflammatory diseases, cancer, and neurological disorders. Its structural features contribute to improved drug-receptor interactions and pharmacokinetic properties, making it valuable in medicinal chemistry research. Additionally, it is explored in agrochemical formulations for developing pesticides and herbicides, leveraging its ability to disrupt specific biological pathways in pests and weeds.