This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its trifluoromethoxy and ester functional groups, which contribute to its bioactivity and stability. It serves as an intermediate in the production of compounds with potential therapeutic properties, particularly in the development of drugs targeting neurological disorders and inflammation. Additionally, its unique structure makes it valuable in the creation of crop protection agents, where it enhances the efficacy of pesticides and herbicides. Researchers also explore its use in material science for designing advanced polymers with specific properties.