This compound is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting therapeutic areas such as inflammation, infectious diseases, and metabolic disorders. Its trifluoromethoxy group enhances the stability and bioavailability of the resulting compounds, making it valuable in drug design. Additionally, it is used in the preparation of agrochemicals, where it contributes to the development of pesticides and herbicides with improved efficacy and environmental safety. Its unique chemical structure also finds applications in material science, particularly in the creation of advanced polymers and coatings with specialized properties.