This compound is primarily used in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its trifluoromethoxy group enhances the biological activity and stability of the resulting molecules, making it valuable in medicinal chemistry. Additionally, it serves as a key intermediate in the production of agrochemicals, where it contributes to the creation of herbicides and pesticides with improved efficacy. Its unique structural properties also make it useful in organic synthesis for constructing complex molecules with specific functional groups.