Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients requiring halogenated aromatic structures. Its functional groups enable coupling reactions in organic synthesis, making it valuable in creating complex molecules for drug discovery and crop protection agents. Commonly employed in cross-coupling reactions such as Suzuki or Ullmann reactions to build biaryl systems. Also utilized in the preparation of fluorinated analogs in medicinal chemistry due to the stability and lipophilicity imparted by the trifluoromethoxy group.