This chemical is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its unique structural properties. It serves as a key intermediate in the production of compounds that exhibit biological activity, particularly in the development of drugs targeting neurological disorders and pesticides. Its trifluoromethoxy group enhances the stability and efficacy of the final products, making it valuable in medicinal chemistry. Additionally, it is employed in research and development for creating novel molecules with potential therapeutic or agricultural applications.