Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design for improving bioavailability. Also employed in agrochemical research for creating herbicides and fungicides due to its electron-withdrawing properties that increase compound reactivity and environmental persistence. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies to optimize lead compounds.