Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of fluorinated active pharmaceutical ingredients (APIs) where the trifluoromethyl group enhances metabolic stability and bioavailability. Its ester functionality allows for easy transformation into acids, alcohols, or amides, making it valuable in medicinal chemistry for building complex molecules. Also employed in agrochemicals to develop herbicides and insecticides, leveraging the fluorine atoms to improve lipophilicity and environmental persistence. Commonly used in research laboratories for introducing fluorinated motifs into new chemical entities during drug discovery and development.