Used as an intermediate in the synthesis of agricultural chemicals, particularly herbicides and insecticides. Its structure supports the development of active ingredients with enhanced stability and bioavailability due to the presence of nitro and trifluoromethoxy groups. Also employed in research for designing pharmaceutical compounds where electron-withdrawing substituents are needed to modulate reactivity or binding properties. Commonly utilized in coupling reactions and derivatization processes to form esters and amides for further biological evaluation.