Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, such as anxiety, depression, and epilepsy, due to its structural properties that enhance blood-brain barrier penetration. Additionally, its trifluoromethoxy group contributes to improved metabolic stability and bioavailability, making it a preferred choice in medicinal chemistry. The compound is also explored in agrochemical research for the design of novel pesticides and herbicides, leveraging its unique chemical structure to enhance efficacy and selectivity.