Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic agents. Its trifluoromethoxy group enhances metabolic stability and lipophilicity, making it valuable in drug design for improved bioavailability. Also employed in agrochemicals to create herbicides and fungicides due to its ability to modulate biological activity in target organisms. Commonly utilized in research for building blocks in organic synthesis, especially in the preparation of fluorinated analogs of bioactive molecules.