This chemical is primarily utilized in the pharmaceutical and agrochemical industries as a key intermediate in the synthesis of various active compounds. Its structure, featuring a trifluoromethyl group and an ester linkage, makes it valuable for developing molecules with enhanced biological activity and stability. In pharmaceuticals, it is often employed in the preparation of potential drug candidates, particularly those targeting enzymes or receptors where the trifluoromethyl group can improve binding affinity and metabolic resistance. In agrochemicals, it serves as a building block for creating herbicides, fungicides, or insecticides, leveraging its ability to introduce specific functional groups that enhance efficacy and selectivity. Additionally, its use in organic synthesis allows for the creation of complex molecules for research and development purposes.