Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and antimicrobial agents. Its trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design. Also employed in the preparation of liquid crystals and organic semiconductors due to its conjugated structure and electron-withdrawing properties. Additionally, serves as a building block in agrochemicals for improving herbicidal and pesticidal activities.