Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with potential antifungal, antibacterial, and anti-inflammatory properties. Its structure supports the creation of thiazole-based derivatives that are important in medicinal chemistry. It is also employed in agrochemical research for designing new pesticides and herbicides due to its electron-withdrawing trifluoromethoxy group, which enhances metabolic stability and bioavailability. Additionally, it serves as a ligand or building block in coordination chemistry and catalysis.