Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its trifluoromethoxy group enhances the biological activity of the compounds it forms, making it valuable in the development of drugs targeting neurological disorders and anti-inflammatory agents. Additionally, it serves as a building block in the creation of advanced materials, such as liquid crystals and polymers, due to its unique electronic properties. Its aldehyde group allows for further functionalization, enabling the synthesis of complex molecules with specific desired properties.