Used primarily in the synthesis of agrochemicals, particularly in the development of herbicides and pesticides. Its structure allows it to act as a key intermediate in creating compounds that target weed and pest control effectively. Additionally, it finds utility in pharmaceutical research, where it serves as a building block for drug molecules, especially those targeting neurological and inflammatory conditions. The trifluoromethoxy group enhances the biological activity and stability of the final compounds, making it valuable in both agricultural and medicinal chemistry.