Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agrochemicals and bioactive molecules. Its structure allows for selective functionalization in heterocyclic compound formation, making it valuable in medicinal chemistry for creating compounds with potential antitumor, antiviral, or anti-inflammatory properties. The iodo and trifluoromethoxy groups enhance reactivity and binding specificity in drug design, enabling efficient coupling reactions such as Suzuki or Buchwald-Hartwig aminations. Also employed in radiolabeling studies due to the presence of iodine, facilitating imaging and metabolic tracking in research settings.