Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various bioactive molecules. Its trifluoromethoxy group enhances the metabolic stability and lipophilicity of drug candidates, making it valuable in the design of central nervous system (CNS) drugs. It is also employed in the creation of agrochemicals, where its structural properties contribute to the efficacy of pesticides and herbicides. Additionally, it finds application in material science for the development of advanced polymers with unique properties.