Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of fluorinated active pharmaceutical ingredients (APIs) where the trifluoromethoxy and fluoro groups enhance metabolic stability and bioavailability. Its structure is valuable in medicinal chemistry for optimizing lipophilicity and binding affinity in drug candidates. Also employed in agrochemical research for designing herbicides and pesticides with improved environmental persistence and target specificity. The compound's carboxylic acid functionality allows for easy derivatization, making it useful in coupling reactions during multi-step organic syntheses.