This chemical is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its trifluoromethoxy group, which enhances biological activity and stability. It serves as a key intermediate in the production of compounds with potential therapeutic properties, such as anti-inflammatory, antiviral, or antifungal agents. In agrochemicals, it is utilized to develop pesticides or herbicides with improved efficacy and resistance to degradation. Additionally, its unique structure makes it valuable in organic chemistry research for exploring novel reactions and building complex molecules.