This compound is primarily utilized in the field of organic synthesis as an intermediate for the development of more complex chemical structures. Its unique functional groups make it valuable in the synthesis of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that require trifluoromethyl and sulfonyl groups for enhanced biological activity. Additionally, it is employed in research settings for the study of enzyme inhibition and receptor binding, where its structural features can be leveraged to design potent inhibitors or modulators. Its ester group also allows for further chemical modifications, making it a versatile building block in medicinal chemistry.