Used primarily as a key intermediate in the synthesis of various agrochemicals and pharmaceuticals. It plays a crucial role in the production of herbicides and pesticides, enhancing their effectiveness by incorporating the trifluoromethoxy group, which improves stability and bioactivity. Additionally, it is employed in the development of specialty polymers and coatings, where it contributes to the creation of materials with enhanced durability and chemical resistance. Its reactivity with amines and alcohols makes it valuable in the manufacture of urethanes and polyurethanes, which are widely used in adhesives, sealants, and elastomers.