Used in pharmaceutical development as a key intermediate in synthesizing bioactive molecules, particularly in the creation of antifungal and antibacterial agents. Its trifluoromethoxy group enhances metabolic stability and membrane permeability, making it valuable in optimizing drug candidates. Also employed in agrochemicals to improve the efficacy of pesticides and herbicides due to its electron-withdrawing properties and resistance to degradation. Commonly found in research settings for designing novel compounds with enhanced selectivity and potency.