Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals. It plays a crucial role in the production of herbicides and insecticides, enhancing their effectiveness by contributing to the active ingredient's structure. In the pharmaceutical industry, it is utilized in the development of compounds with potential therapeutic properties, particularly in creating molecules that target specific biological pathways. Its trifluoromethoxy group is significant for improving the stability and bioavailability of the final products.