This compound is primarily used in pharmaceutical research and development, particularly in the synthesis of novel drug candidates. Its structure makes it a valuable intermediate in the creation of molecules with potential therapeutic properties, such as antimicrobial, antiviral, or anticancer agents. The trifluoromethoxy group enhances the compound's lipophilicity, which can improve its ability to cross biological membranes, making it useful in designing drugs with better bioavailability. Additionally, it is employed in organic synthesis for constructing complex heterocyclic compounds, which are often explored for their biological activities. Its application extends to material science, where it may be used in the development of advanced organic materials with specific electronic or optical properties.