This compound is primarily utilized in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of various drugs, including those targeting neurological and cardiovascular disorders. Its trifluoromethoxy group enhances the biological activity and metabolic stability of the resulting compounds. Additionally, it is employed in agrochemical research for the development of novel pesticides and herbicides, where its unique chemical structure contributes to improved efficacy and selectivity. In material science, it is used in the creation of specialized polymers and coatings, offering enhanced durability and resistance to environmental factors.