This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is often investigated for its role as a precursor in the synthesis of various heterocyclic compounds, which are crucial in drug development. Researchers explore its efficacy in creating molecules with antimicrobial, anti-inflammatory, and anticancer properties. Additionally, its trifluoromethoxy group enhances its ability to interact with biological targets, making it valuable in the design of enzyme inhibitors and receptor modulators. Its applications extend to agricultural chemistry, where it is studied for developing novel pesticides and herbicides with improved efficacy and selectivity.