Used primarily as an intermediate in the synthesis of more complex chemical compounds, particularly in the pharmaceutical and agrochemical industries. Its trifluoromethoxy group enhances the biological activity of molecules, making it valuable in the development of drugs and pesticides. It is also employed in organic synthesis to introduce specific functional groups into target molecules, improving their stability and efficacy. Additionally, it may be utilized in the production of specialty chemicals where its unique structure imparts desirable properties to the final product.