This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure, featuring a trifluoromethyl group and an oxadiazole ring, makes it valuable for developing molecules with potential biological activity. It is often employed in the design of drug candidates targeting specific enzymes or receptors, particularly in the development of anti-inflammatory, antimicrobial, or anticancer compounds. Additionally, its benzoic acid moiety allows for further functionalization, enabling the creation of derivatives with enhanced pharmacokinetic properties. Researchers also explore its use in agrochemical research for developing novel pesticides or herbicides due to its unique chemical framework.