Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of bioactive compounds with potential antifungal, antibacterial, and anticancer properties. Its structure supports the creation of thiazole and benzothiazole derivatives, which are common scaffolds in medicinal chemistry. Also employed in agrochemical research for designing novel pesticides and herbicides due to the stability and electron-withdrawing nature of the trifluoromethoxy group. The compound's reactivity allows for easy functionalization, making it valuable in building complex molecules in drug discovery and crop protection chemistry.