I'm too busy for that.

Literal

Busy-[て] that-situation [not-じゃない] [emphasis-よ].

それどころじゃない is a set expression meaning 'this isn't the time for that' — literally 'it's not even that situation/place.' じゃない is the casual negation of だ. よ adds emphasis. Very natural, colloquial way to brush off a topic or request because something more pressing demands attention.