Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) agents. Its structure supports activity in modulating neurotransmitter function, making it valuable in the creation of antidepressants and antipsychotic drugs. Also employed in agrochemicals for the production of certain herbicides and pesticides due to the stability and bioavailability imparted by the trifluoromethoxy group. Additionally, it serves as a building block in medicinal chemistry for structure-activity relationship (SAR) studies, helping optimize drug candidates for improved metabolic stability and target binding.