Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its trifluoromethoxy and thiol functional groups enable selective reactions in building complex molecules, especially in medicinal chemistry for enhancing metabolic stability and lipophilicity. Also employed in the preparation of specialty polymers and ligands for catalysis due to the strong electron-withdrawing nature of the trifluoromethoxy group and the coordinating ability of the thiol.