Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system agents. It serves as a building block in the development of bioactive molecules due to the presence of both amino and carboxylic acid functional groups, which allow for easy derivatization. Commonly employed in the preparation of amide and ester derivatives for drug discovery research. Also utilized in the synthesis of agrochemicals and fluorescent dyes where the trifluoromethyl group enhances stability and lipophilicity. Its structural features make it valuable in medicinal chemistry for optimizing pharmacokinetic properties of new chemical entities.