Used primarily as a specialty solvent and intermediate in organic synthesis, this compound finds application in the preparation of pharmaceuticals and agrochemicals. Its fluorinated alkyl chain enhances lipid solubility, making it valuable in the development of bioactive molecules with improved membrane permeability. It is also employed in the synthesis of fluorinated analogs for metabolic studies, where the fluorine atom acts as a tracer or stability modifier. Due to its ester functionality, it can undergo hydrolysis or transesterification to introduce fluorinated moieties into larger molecular frameworks. Limited use in fragrance or flavor applications has been explored, but its main role remains in research and development within medicinal chemistry.