Used as a key intermediate in the synthesis of fluorinated pharmaceuticals and agrochemicals due to the presence of the trifluoromethyl group, which enhances metabolic stability and bioavailability. Its cyclic structure and reactive carbonyl functionalities allow for further chemical modifications, making it valuable in the development of biologically active compounds. Commonly employed in the preparation of prostaglandin analogs and other specialty organic molecules requiring chiral building blocks with fluorinated motifs.