Used primarily in the pharmaceutical and agrochemical industries, this compound serves as a key intermediate in the synthesis of various active ingredients. In pharmaceuticals, it is utilized in the development of drugs targeting central nervous system disorders, leveraging its trifluoromethoxy group to enhance binding affinity and metabolic stability. In agrochemicals, it contributes to the production of pesticides and herbicides, where its chemical structure aids in improving efficacy and resistance to environmental degradation. Additionally, it finds applications in material science, particularly in the creation of advanced polymers and coatings that require specific chemical resistance and durability properties.