Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its trifluoroethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design. The chloromethyl group allows for further functionalization, enabling coupling reactions in the preparation of more complex molecules. Commonly employed in the manufacture of specialty chemicals where fluorine substitution is needed to improve biological activity or chemical resistance.