This chemical is primarily used in the field of organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its unique structure, featuring an indole core with trifluoromethoxy and methyl substituents, makes it a valuable intermediate for creating compounds with potential biological activity. It is often utilized in the synthesis of drug candidates targeting neurological disorders, inflammation, and other therapeutic areas due to its ability to interact with specific biological receptors. Additionally, its trifluoromethoxy group enhances the metabolic stability and bioavailability of the resulting compounds, making it a key component in medicinal chemistry research.