This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of compounds targeting the central nervous system, such as antidepressants or anxiolytics, due to its structural properties that allow it to interact with neurotransmitter receptors. Additionally, its trifluoromethoxy group enhances metabolic stability and bioavailability, making it valuable in drug design. It is also explored in the development of agrochemicals, where it contributes to the creation of pesticides or herbicides with improved efficacy. Its application in material science is limited but may include specialized organic synthesis for advanced materials.