Used as a key intermediate in the synthesis of agrochemicals, particularly herbicides and insecticides, due to its ability to act as a building block for more complex molecules with biological activity. Its structure supports the development of compounds that target specific plant growth regulation or pest control. Also employed in the preparation of pharmaceuticals where the trifluoromethoxy and chloro substituents enhance metabolic stability and bioavailability. Commonly utilized in research and development for designing new active ingredients in crop protection products.