Used as an intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to the presence of the trifluoromethyl group, which enhances metabolic stability and bioavailability. Its ester and ketone functionalities allow for further chemical modifications, making it valuable in building complex organic molecules. Commonly employed in medicinal chemistry for constructing beta-keto ester frameworks that serve as precursors to heterocyclic compounds. Also utilized in the development of novel fluorinated building blocks for drug discovery and in the preparation of specialty materials requiring unique electronic or thermal properties.