Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and antimicrobial agents. Its structure supports the creation of bioactive molecules due to the presence of both hydroxyl and trifluoromethoxy functional groups, which enhance metabolic stability and binding affinity. Also employed in agrochemical research for designing novel pesticides with improved efficacy and environmental safety. The compound's unique electronic properties make it valuable in medicinal chemistry for optimizing lead compounds.