Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential antifungal, antibacterial, and anti-inflammatory properties. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for constructing heterocyclic compounds. It is also employed in the preparation of agrochemicals and functional materials due to its electron-withdrawing trifluoromethoxy group, which enhances metabolic stability and lipophilicity in target molecules.