Used primarily in the synthesis of pharmaceuticals and agrochemicals, this compound serves as a key intermediate. Its trifluoroethoxy group enhances the biological activity of the molecules it is incorporated into, making it valuable in the development of drugs targeting specific receptors or enzymes. Additionally, it is employed in research for creating novel compounds with potential therapeutic properties, particularly in areas like anti-inflammatory and antimicrobial treatments. Its unique structure also makes it useful in organic synthesis for constructing complex molecules with specific functional groups.