This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Its trifluoromethyl group enhances the biological activity and metabolic stability of the resulting compounds, making it useful in drug discovery and development. Additionally, it finds application in agrochemical research for the synthesis of herbicides and pesticides, where the trifluoromethyl group contributes to the efficacy of the final product. Its ester functional group also allows for further chemical modifications, making it versatile in various chemical processes.