Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agrochemicals and bioactive molecules. Its trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in designing compounds with improved bioavailability. Commonly employed in the production of herbicides, fungicides, and plant growth regulators due to its ability to modulate biological activity in crop protection agents. Also utilized in medicinal chemistry for constructing fluorinated analogs of natural products and drug candidates.