Used primarily in the pharmaceutical industry, this compound serves as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It is particularly valuable in the development of drugs targeting central nervous system disorders, such as anxiety and depression, due to its ability to modulate specific neurotransmitter systems. Additionally, it finds application in agrochemical research, where it is utilized to create novel pesticides and herbicides with enhanced efficacy and selectivity. Its unique trifluoromethoxy group contributes to improved metabolic stability and bioavailability in both pharmaceutical and agrochemical products.