Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its difluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in medicinal chemistry for optimizing drug candidates. Commonly employed in cross-coupling reactions, such as Suzuki or Ullmann reactions, to introduce the difluoromethoxyphenyl moiety into larger molecules. Also utilized in the preparation of liquid crystals and functional materials where electronic and steric properties are critical.