Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and central nervous system agents. Its structure allows for modification into active drug compounds, especially those targeting neurological disorders. The presence of the trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in optimizing drug candidates for better bioavailability and blood-brain barrier penetration. Also employed in agrochemical research for designing bioactive molecules with improved environmental stability.