Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with central nervous system activity. Its structure supports the creation of chiral molecules, making it valuable in asymmetric synthesis for drugs targeting neurological disorders. Also employed in the preparation of agrochemicals due to the stability and reactivity imparted by the trifluoromethoxy group. The ester functionality allows for easy transformation into carboxylic acids, amides, or alcohols, enabling diverse derivatization in medicinal chemistry research.