This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly in the development of active pharmaceutical ingredients (APIs). It serves as a key intermediate in the production of drugs targeting neurological and inflammatory disorders, owing to its trifluoromethoxy group, which enhances biological activity and metabolic stability. Additionally, it is employed in agrochemical research for creating pesticides and herbicides, where the trifluoromethoxy moiety contributes to improved efficacy and selectivity. Its role in organic synthesis also extends to the preparation of specialty chemicals and fine chemicals used in diverse industrial applications.