Used as an intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the production of herbicides and fungicides. Its structure allows for further functionalization, making it valuable in developing active ingredients with enhanced stability and biological activity. Commonly employed in reactions where halogen and trifluoromethoxy groups contribute to electron-withdrawing effects, improving the efficacy of the final compound. Also utilized in research for developing new crop protection agents due to its reactivity and selectivity in organic transformations.