Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports the creation of compounds with enhanced metabolic stability and binding affinity, making it valuable in drug discovery. Commonly utilized in the preparation of antipsychotic and antidepressant molecules due to the presence of trifluoromethoxy group, which improves lipophilicity and bioavailability. Also employed in the production of agrochemicals and specialty organic materials where fluorinated building blocks are required for performance enhancement.