Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of agrochemicals and bioactive molecules. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for creating compounds with enhanced metabolic stability and binding affinity. Commonly employed in the preparation of kinase inhibitors and herbicides due to the electron-withdrawing trifluoromethoxy group improving lipophilicity and resistance to oxidative degradation. Also utilized in the design of novel pesticides where fluorinated heterocycles contribute to improved environmental persistence and target selectivity.