This compound is primarily used in the synthesis of pharmaceuticals and agrochemicals due to its trifluoromethyl and ester functional groups, which are valuable in creating bioactive molecules. It serves as a key intermediate in the development of drugs targeting various diseases, including cancer and inflammatory conditions. Additionally, its structure is utilized in the production of herbicides and pesticides, enhancing their efficacy and stability. The compound is also employed in organic research for the development of novel chemical entities with potential therapeutic applications.