This compound is primarily utilized in the synthesis of organic materials and pharmaceuticals due to its trifluoromethyl group, which enhances biological activity and stability. It serves as a key intermediate in the production of agrochemicals, particularly in the development of herbicides and pesticides, where the trifluoromethyl group improves efficacy. Additionally, it is employed in the creation of liquid crystal displays (LCDs) and other advanced materials, leveraging its unique electronic properties. Its application in medicinal chemistry includes the design of drug candidates targeting inflammation, cancer, and other diseases, where the acrylate moiety facilitates further chemical modifications.