Used primarily as an intermediate in the synthesis of agrochemicals and pharmaceuticals, this compound plays a key role in the development of certain herbicides and plant growth regulators. Its structure allows for the introduction of trifluoromethoxy-substituted aromatic moieties, which can enhance the stability and bioavailability of the final active ingredient. It is also employed in research settings for the preparation of carbamate-based derivatives with potential biological activity. Due to its reactivity, it is handled under controlled conditions in industrial and laboratory environments.