Primarily used in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its structure, featuring a trifluoromethoxy group, enhances the metabolic stability and bioavailability of potential drug candidates. It is particularly valuable in the development of central nervous system (CNS) drugs, where it contributes to the modulation of neurotransmitter activity. Additionally, it finds application in the creation of agrochemicals, aiding in the design of more effective and selective pesticides. Its unique properties also make it a candidate for use in material science, particularly in the development of advanced polymers and coatings with improved performance characteristics.