This compound is primarily utilized in the field of medicinal chemistry, where it serves as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of compounds targeting the central nervous system, including potential treatments for neurological disorders such as anxiety, depression, and schizophrenia. Additionally, it has been explored for its role in the creation of antihistamines and other therapeutic agents that interact with specific receptors in the body. Its trifluoromethoxy group enhances its binding affinity and metabolic stability, making it a crucial component in drug design and optimization.