This compound is primarily used in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurological and psychiatric disorders. Its structure, featuring a trifluoromethoxy group, enhances the stability and bioavailability of the resulting compounds, making it valuable in drug design. Additionally, it is utilized in the study of receptor interactions, aiding in the development of potential therapeutics for conditions such as depression, anxiety, and chronic pain. Its application extends to organic synthesis, where it acts as a building block for creating complex chemical entities with potential medicinal properties.