Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antidepressants and other central nervous system agents. Its structure supports the creation of active ingredients in selective serotonin reuptake inhibitors (SSRIs). Also employed in agrochemicals for the production of certain herbicides and pesticides due to the stability and bioactivity imparted by the trifluoromethyl and methoxy groups. Commonly utilized in research and development for novel organic compounds, especially in medicinal chemistry for building complex molecules with enhanced metabolic stability and binding affinity.