This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex chemical structures. Its trifluoromethyl and bromo groups make it particularly valuable in pharmaceutical research, where it can be used to introduce these functional groups into drug candidates, enhancing their biological activity and metabolic stability. Additionally, it serves as an intermediate in the production of agrochemicals, contributing to the synthesis of compounds with potential pesticidal or herbicidal properties. Its ester group also allows for further chemical modifications, making it a useful reagent in the synthesis of specialty chemicals and materials.