This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of pharmaceutical agents. Its structure, featuring a cyclopropane ring and a trifluoromethoxy group, makes it valuable for developing molecules with potential biological activity. It is often explored in the design of drugs targeting neurological disorders, such as epilepsy or anxiety, due to its ability to interact with specific receptors in the central nervous system. Additionally, its unique chemical properties are leveraged in the development of agrochemicals, particularly in creating pesticides or herbicides with enhanced efficacy and selectivity. Researchers also study its derivatives for potential anti-inflammatory or antimicrobial applications, making it a versatile building block in organic synthesis.