Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. Its trifluoromethoxy group enhances the biological activity of the final products, making it valuable in developing drugs with improved efficacy and stability. Additionally, it is employed in the production of dyes and pigments, where it contributes to the creation of vibrant and durable colors. Its unique chemical structure also finds applications in advanced material science, particularly in the development of specialty polymers and coatings with enhanced properties.