Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure, featuring a trifluoroethoxy group, makes it valuable in developing drugs targeting central nervous system disorders, such as antidepressants and anxiolytics. Additionally, it is explored in the creation of compounds with potential anti-inflammatory and analgesic properties. Its unique chemical properties also make it a candidate for use in organic synthesis and material science, particularly in designing advanced polymers and coatings with specific functionalities.