Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to the presence of both nitrile and trifluoromethoxy functional groups. The compound's electron-withdrawing substituents enhance its reactivity in nucleophilic aromatic substitution reactions, making it valuable in the preparation of bioactive molecules. It is particularly useful in the development of herbicides and fungicides, where the trifluoromethoxy group contributes to improved metabolic stability and membrane permeability. Additionally, it serves as a building block in medicinal chemistry for designing kinase inhibitors and other therapeutic agents targeting inflammatory and neurological disorders.