Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules that require fluorinated aromatic building blocks. Its structure allows for selective functionalization through cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Commonly employed in the preparation of potent enzyme inhibitors and receptor modulators due to the electron-withdrawing nature of the trifluoromethoxy group, which enhances metabolic stability and binding affinity. Also utilized in research settings for the design of novel pesticides and herbicides where halogen and fluorinated substituents improve lipophilicity and environmental persistence.