This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those targeting central nervous system disorders. It serves as a key intermediate in the production of drugs that exhibit antidepressant or antipsychotic properties. Additionally, it is employed in the development of agrochemicals, specifically in the creation of pesticides and herbicides, due to its ability to enhance the efficacy of active ingredients. In research settings, it is used to study the behavior of hydrazine derivatives in organic reactions, aiding in the discovery of novel chemical pathways and compounds. Its trifluoromethoxy group contributes to the stability and bioavailability of the final products, making it a valuable component in medicinal and agricultural chemistry.