Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules that require fluorinated aromatic structures. Its ester and trifluoromethoxy groups make it valuable in medicinal chemistry for enhancing metabolic stability and lipophilicity. Commonly employed in the preparation of analogs for structure-activity relationship (SAR) studies. Also utilized in the manufacture of certain herbicides and fungicides due to the electron-withdrawing nature of the trifluoromethoxy group, which can improve pesticidal activity. Suitable for use in cross-coupling reactions and other transformations in organic synthesis.