Used primarily in the synthesis of agrochemicals and pharmaceuticals, this compound serves as a key intermediate. Its trifluoromethoxy and nitro groups make it valuable in developing herbicides and insecticides, enhancing their efficacy and stability. Additionally, it is utilized in organic synthesis to create complex molecules for potential drug candidates, particularly in the field of medicinal chemistry. Its unique structure allows for the introduction of specific functional groups, aiding in the design of compounds with targeted biological activity.