Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to the presence of both trifluoromethyl and ester functional groups. Its structure allows for easy modification in multi-step reactions, making it valuable in creating biologically active molecules. Commonly employed in the preparation of beta-keto esters for drug development, especially in compounds targeting central nervous system disorders and anti-inflammatory agents. Also utilized in the manufacture of specialty fluorinated building blocks for medicinal chemistry research.