Used as a key intermediate in the synthesis of various pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) for treating diseases. It is also employed in agrochemical research for creating crop protection agents, such as herbicides and pesticides, due to its unique chemical structure. Additionally, it serves as a building block in organic synthesis for producing specialty chemicals and fine chemicals used in industrial applications. Its trifluoromethoxy group enhances the biological activity of the compounds it helps create, making it valuable in medicinal and agricultural chemistry.