This chemical is primarily utilized in the synthesis of advanced materials and specialty chemicals. Its unique structure, featuring both fluorine and trifluoromethoxy groups, makes it a valuable intermediate in the development of agrochemicals, particularly herbicides and pesticides. The compound's ability to enhance the biological activity and stability of these products is highly regarded. Additionally, it finds application in the pharmaceutical industry, where it is used to create active pharmaceutical ingredients (APIs) with improved efficacy and metabolic stability. The chemical is also employed in the production of liquid crystals, which are essential components in displays and optical devices, due to its ability to influence molecular orientation and stability.