Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agrochemicals and medicinal compounds where fluorinated aromatic structures enhance metabolic stability and bioavailability. Its functional groups allow for easy derivatization, making it valuable in building complex molecules for crop protection agents and potential drug candidates. Commonly employed in the preparation of herbicides and fungicides due to the electron-withdrawing properties of fluorine and trifluoromethoxy groups, which improve lipid membrane penetration and target binding in biological systems.