Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of compounds with enhanced metabolic stability and lipophilicity due to the presence of the trifluoromethyl group. Commonly employed in medicinal chemistry for the preparation of bioactive molecules, including anti-inflammatory and central nervous system agents. Also utilized in the design of fluorinated analogs in structure-activity relationship (SAR) studies to improve potency and selectivity. Its ester functionality allows for easy transformation into carboxylic acids, amides, or alcohols, making it a versatile building block in organic synthesis.