Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and central nervous system agents. Its structure allows for further functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Commonly employed in research settings to introduce trifluoromethoxy-substituted aromatic systems, which can enhance metabolic stability and binding affinity in drug candidates. Also utilized in agrochemical research for designing bioactive compounds with improved environmental stability.