Used primarily in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). It plays a crucial role in the development of drugs targeting neurological disorders, inflammation, and pain management. Its trifluoromethoxy group enhances the biological activity and stability of the resulting compounds, making it valuable in medicinal chemistry. Additionally, it is employed in agrochemical research for creating novel pesticides and herbicides due to its ability to improve the efficacy and selectivity of these products. Its unique structure also makes it a candidate for advanced material science applications, particularly in the development of specialty polymers and coatings.