This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. It is particularly valuable in pharmaceutical research, where it serves as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). The presence of both bromo and trifluoromethyl groups on the aromatic ring makes it a useful precursor for cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, enabling the creation of diverse chemical structures. Additionally, it finds application in agrochemical research for the development of novel pesticides and herbicides, leveraging its unique electronic properties to enhance biological activity. Its ester functional group also allows for further chemical modifications, making it a key component in the production of fine chemicals and specialty materials.