Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and antifungal agents. Its structure allows for conjugation into larger bioactive molecules, enhancing metabolic stability and binding affinity. Also employed in agrochemical formulations for crop protection due to its reactivity and ability to inhibit specific enzymes in pests. The trifluoromethoxy group contributes to improved lipophilicity and bioavailability in final active compounds.