Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. Its structure supports the development of bioactive molecules due to the electron-withdrawing trifluoromethyl and electron-donating methoxy groups, which enhance metabolic stability and binding affinity. Also employed in agrochemicals for creating herbicides and fungicides, where the compound contributes to improved environmental persistence and target selectivity. Additionally, it serves as a building block in organic synthesis for constructing complex fluorinated molecules with tailored properties.