Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate in the production of various active ingredients. Its trifluoromethoxy group enhances the biological activity of the resulting molecules, making it valuable in the development of drugs targeting central nervous system disorders and other therapeutic areas. Additionally, it is employed in organic chemistry research for the preparation of hydrazine derivatives, which are further utilized in the creation of dyes, pigments, and other specialty chemicals. Its stability and reactivity make it a versatile building block in complex chemical syntheses.