This chemical is primarily used in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It serves as a key intermediate in the development of active ingredients for drugs and pesticides. Its trifluoromethoxy group enhances the biological activity and stability of the resulting compounds, making it valuable in creating molecules with specific therapeutic or pesticidal properties. Additionally, it is utilized in research and development for designing novel chemical entities with potential applications in medicinal chemistry and crop protection.