Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor modulators and other central nervous system agents. Its trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design for improving bioavailability and blood-brain barrier penetration. Commonly employed in research for creating analogs with potential antidepressant, anxiolytic, or antipsychotic activity. Also utilized in agrochemical research for developing new bioactive molecules.